Question: Happy, Sleepy, Grumpy, and Doc all did not make adequate estimated payments. Which of them will not owe underpayment penalties for 2018 given the following
Happy, Sleepy, Grumpy, and Doc all did not make adequate estimated payments. Which of them will not owe underpayment penalties for 2018 given the following information?
|
| Tax liability | |||||
|
| 2018 | 2017 | 2016 | |||
| Happy | $ | 2,200 | $ | 0 | $ | 500 |
| Sleepy | $ | 1,500 | $ | 500 | $ | 700 |
| Grumpy | $ | 1,200 | $ | 200 | $ | 0 |
| Doc | $ | 800 | $ | 1,100 | $ | 1,001 |
A) Happy.
B) Sleepy.
C) Grumpy.
D) Doc.
E) "Happy" and "Doc".
F) None of the choices are correct.
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