Question: Self-Study Problem 9. Ray Adams (Social Security number 466-47-1131) estimates his required annual payment for 2018 to be $7,560. He has a $510 overpayment of

 Self-Study Problem 9. Ray Adams (Social Security number 466-47-1131) estimates his

Self-Study Problem 9. Ray Adams (Social Security number 466-47-1131) estimates his required annual payment for 2018 to be $7,560. He has a $510 overpayment of last year's taxes that he wishes to apply to the first quarter estimated tax payment for 2018. His address is 123 East Main Street, Dillon, North Carolina, 34678 Compute the amount of Ray's required quarterly payments Complete the first quarter voucher below for Ray for 2018 Form 1040-ES Payment Voucher Department of the Treasury 2018 Estimated Tax OMB No. 1545-0074 Internal Revenue Service Calendar year-Due April 18, 2018 Amount of estimated tax you are paying by check or money order File only if you are making a payment of estimated tax by check or money order. Mail this voucher with your check or money order payable to "United States Treasury." Write your social security number and "2018 Form 1404-ES" on your check or money order. Do not send cash. Enclose, but do not staple or attach, your payment with this voucher. Dollars Cents Your first name and initial Ray If joint payment complete for spouse Spouse's first name and initial Your last name Your social security number 466-47-1131 Adams Spouse's last name Spouse's social security number Address (number, street, and apt. no.) 123 East Main Street City, state, and ZIP code. (If a foreign address, enter city, also complete spaces below.) Dillon, North Carolina, 34678 Foreign country name Foreign province/country Foreign postal code For Privacy Act and Paperwork Reduction Act Notice, see instructions. Form 1040-ES (2018)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!