im trying to find an example so I can try the similar question. I cant figure out how this is coming up with 20,700. I came up with 21620. I took 6% of 23000 then subtracted it from 23000. Please show me an example

carson's Federal Taxation 2020 x [ Purdue University Global Books) * @ Unit 2 Lab Assignment 1 - AC43. X + ce.com/d21/le/content/119958/viewContent/9440525/View 5 pts 3 of 6 (4 complete) HW Score: 54. 45 (similar to) for last year was $38,000, Elliot expeds his income for this year to decline and his tax liability for this year to be only $23,000. Elliot is self-employed and, thu All for last year did not exceed $150,000. amount of estimated taxes should Elliot pay this year? What problem will Elliot encounter if he pays this minimum amount and his current year income exceeds ain realized in December of this year? amount of estimated taxes should Elliot pay this year? nalty for underpaying estimated taxes for this year Elliot must pay the lesser of 100% of his prior year tax liability or 90% of his current year tax liability. derpayment penalty, Elliot should pay estimated taxes this year of $ 20,700 will Elliot encounter if he pays this minimum amount and his current year income exceeds last year's because of a large capital gain realized in December of this y Eliot wil owe a penalty for underpayment of estimated taxes. is complete. Move your cursor over or tap on the red arrows to see incorrect answers. wing Similar Ques