A taxpayer with 2019 AGI of $160,000 has no income tax withholding and is required to pay
Question:
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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a At least 90 of the 2019 tax liability ratably over four quarterly payments ...View the full answer
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Related Book For 
Fundamentals Of Taxation 2020 Edition
ISBN: 9781260483147
13th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
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