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Charles and Joan Thompson file a joint return. In 2 0 2 2 , they had taxable Income of $ 1 0 3 , 1
Charles and Joan Thompson file a joint return. In they had taxable Income of $ and paid tax of $ Charles
is an advertising executive, and Joan is a college professor. During the fall semester, Joan is planning to take a leave of
absence without pay. The Thompsons expect their taxable Income to drop to $ in They expect their tax
llability will be $ which will be the approximate amount of their withholding. Joan anticipates that she will work on
academic research during the fall semester.
During September, Joan decides to perform consulting services for some local businesses. Charles and Joan had not
anticlpated this development. Joan is pald a total of $ during October, November, and December for her work. Use the
appropriate Tax Rate Schedules.
Required:
a What estimated tax payments are Charles and Joan required to make, If any, for tax year
Note: Round your Intermedlate calculations and final answer to the nearest dollar amount.
Estimated tax payments required:
My answer was $ but that comes up as incorrect
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