A taxpayer with 2019 AGI of $160,000 has no income tax withholding and is required to pay

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A taxpayer with 2019 AGI of $160,000 has no income tax withholding and is required to pay estimated taxes. The taxpayer can avoid an underpayment penalty by paying

a. At least 90% of the 2019 tax liability ratably over four quarterly payments.

b. At least 110% of the 2019 tax liability ratably over four quarterly payments.

c. At least 90% of the 2018 tax liability ratably over four quarterly payments.

d. 100% of the 2019 tax liability ratably over four quarterly payments.


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Fundamentals Of Taxation 2020 Edition

ISBN: 9781260483147

13th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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