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At the beginning of 2021, the following information relates to Sarah Elmsley: Year Net Tax Owing 2019 $1,800 2020 6,400 2021 (Estimated) 3,600 Indicate whether
At the beginning of 2021, the following information relates to Sarah Elmsley: Year Net Tax Owing 2019 $1,800 2020 6,400 2021 (Estimated) 3,600 Indicate whether Ms. Elmsley is required to make instalment payments during 2021. Calculate the installment payments under the three options available to the taxpayer.
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