Instructions : Choose the best multiple choice answer and explain why you chose the answer. MUST provide 2-3 sentence brief explanation and show all work. All sources must be noted.

____ 20. Which of the following correctly reflects current rules regarding estimated tax payments for individuals?

a.	Employees are not subject to the estimated tax payment provisions.
b.	Any penalty imposed for underpayment is deductible for income tax purposes.
c.	Married taxpayers may not make joint estimated tax payments unless they file a joint income tax return.
d.	No quarterly payments are required if the taxpayers estimated tax is under $1,000.
e.	None of the above.