Complete the following statements regarding estimated taxes. Enter percents as whole numbers. equal or exceed the of Any individual who has estimated tax for the year of $ or more and whose withholding does not required annual payment must make quarterly payments. The required annual payment is the smaller (1) % of the tax shown on the current year's return or % of the tax shown on the preceding year's return. (2) If the Age on the preceding year's return exceeds $150,000, the requirement is increased to %