52. LO.6 Julie, being self-employed, is required to make estimated payments of her tax liability for the

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52. LO.6 Julie, being self-employed, is required to make estimated payments of her tax liability for the year. Her tax liability for 2012 was $25,000, and her AGI was less than

$150,000. For 2013, Julie ultimately determines that her income tax liability is $18,000.

During the year, however, she made the following payments, totaling $13,000:

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

ISBN: 9781285424484

37th Edition

Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young

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