Question: June 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
June 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 oder to aviod penalty, the smallest amount of required annual withholding and estimated payment's ------------? Please state the amount and expain the reason behind the calculation.
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