Question: Problem 1 7 - 3 2 ( Algorithmic ) ( LO . 6 ) Wan's AGI last year was $ 2 5 4 , 0

Problem 17-32(Algorithmic)(LO.6) Wan's AGI last year was $254,000. Her Federal income tax came to $76,200, paid through both withholding and estimated payments. This year, her AGI will be $381,000, with a projected tax liability of $57,150, 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. a.Compute Wan's total estimated tax payments for this year. Under the current-year method: $fill in the blank 5cf5cd0aaf81fa0_1 Under the prior-year method: $fill in the blank 5cf5cd0aaf81fa0_2 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 b.Assume instead that Wan's AGI last year was $102,000 and resulted in a Federal income tax of $20,400. Determine her total estimated tax payments for this year. Under the current-year method: $fill in the blank e9f16af6efaef8f_1

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