5. A married couple with AGI of $210,000 in 2020 has a tax liability of $38,000....

 

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5. A married couple with AGI of $210,000 in 2020 has a tax liability of $38,000. The taxpayer's 2021 AGI and tax liability are $140,000 and $20,000, respectively. To avoid any penalty for underpayment of estimated tax in 2021, what is the minimum amount the taxpayer must prepay during 2021? 5. A married couple with AGI of $210,000 in 2020 has a tax liability of $38,000. The taxpayer's 2021 AGI and tax liability are $140,000 and $20,000, respectively. To avoid any penalty for underpayment of estimated tax in 2021, what is the minimum amount the taxpayer must prepay during 2021?

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18000 Explanation Since they are married couple and their Adjusted Gross Income for ... View the full answer