Taxpayer Ty is 55 years old, single, and has no dependents. His 2021 AGI was $350,000. On his 2021 California tax return, his tax due was $40,000. He expects to owe $60,000 in taxes for 2022. He wants to make sure he makes enough estimated payments during 2022 to avoid underpayment penalties. 

What is the minimum he should pre-pay in 2022?

Answer rating: 100% (QA)

To avoid underpayment penalties taxpayers in California must either pay 90 of their currentye... View the full answer