Bert Logan$$s daughter Amanda is an accounting student. After a brief review of Bert$$s previous tax returns she

advised him that he would likely have to begin making income tax instalments for $2023$; however, she was uncertain

about how these instalments were to be calculated and the consequences of making inadequate instalments. Amanda

called one of the tax specialists at her employer firm, First and Partners, for assistance.

ITA: $156,156\mathrm{.}1,161,163\mathrm{.}1$

Amanda provided the following information:

$($a$)2021$ actual tax liability was $$8,750.$

$($b$)2022$ actual tax liability was $$7,640$; and

$($c$)2023$ estimated tax liability is $$5,520.$

You have been asked to write a memo, in point form, for partner review explaining the options available to

calculate instalment payments for Bert Logan and the consequences if incorrect instalments are made