27

Question 27 (1 point) Which of the following individuals may have some exposure to the penalty for underpayment of estimated taxes? Cara who owes $3,000 with the return on a total tax liability of $15,000 for the current year. Last year her tax liability was $12,000. Cara is not a high-income taxpayer. Richard who owes $900 with the return on a total tax liability of $11,000 for the current year. Last year his total tax liability was $10,500. Richard is not a high- income taxpayer. Lilly who owed $4,000 with the return on a total tax liability of $30,000. Last year's Lilly's tax liability was $26,000. Lilly is a high-income taxpayer. none of the above Question 28 (1 point) Maria, age 30, is a part-time graduate student who pays $7,000 in tuition in the current year. Her AGI is $62,000. Pick the correct statement about Maria's eligible