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Gabby has a 2020 federal tax liability of $140,000. In 2019 Gabbys federal tax liability was $110,000 (AGI of $350,000). What is the least amount
Gabby has a 2020 federal tax liability of $140,000. In 2019 Gabbys federal tax liability was $110,000 (AGI of $350,000). What is the least amount of 2020 federal tax withholdings necessary for Gabby to avoid the underpayment of estimated tax penalty?
a. $99,000
b. None of these
c. $126,000
d. $121,000
e. $110,000
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