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Farah and Frankies AGI last year was $90,300, and their total tax was $13,988. This year, the couple's total tax is $14,700. Unless the couple

Farah and Frankies AGI last year was $90,300, and their total tax was $13,988. This year, the couple's total tax is $14,700. Unless the couple paid at least $13,988 in the form of withholding and quarterly estimated payments, they will incur an underpayment penalty this year. True or False

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