Question: Problem 1 7 - 3 2 ( Algorithmic ) ( LO . 6 ) Wan's AGI last year was $ 2 5 4 , 0
Problem AlgorithmicLO Wan's AGI last year was $ Her Federal income tax came to $ paid through both withholding and estimated payments. This year, her AGI will be $ with a projected tax liability of $ all to be paid through estimates. Wan wants to pay the least amount of tax during the year that does not incur a Federal tax penalty. Question Content Area If required, round intermediate calculations to two decimal place and your final answer to the nearest dollar. aCompute Wan's total estimated tax payments for this year. Under the currentyear method: $fill in the blank cfcdaaffa Under the prioryear method: $fill in the blank cfcdaaffa Feedback Area Feedback A penalty is imposed for a failure to pay estimated income taxes. The penalty applies to individuals and corporations and is based on the rate of interest in effect for deficiency assessments. Question Content Area bAssume instead that Wan's AGI last year was $ and resulted in a Federal income tax of $ Determine her total estimated tax payments for this year. Under the currentyear method: $fill in the blank efafefaeff
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