Question: Jane is a single taxpayer with a current year AGI of $50,000 and current year income tax liability of $5,600. Her income tax liability in

Jane is a single taxpayer with a current year AGI of $50,000 and current year income tax liability of $5,600. Her income tax liability in the prior year was $5,400. Jane earns her income ratably during the year. In order to avoid penalty, the smallest amount of required annual withholding and estimated payments is:

a. $5,600

b. $5,400

c. $5,040

d. $1,000

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