Question
Jerry is the self - employed owner of Buy It Four Less. His estimated annual earnings are $ 75,350 and he expects to pay 25
Jerry is the self - employed owner of Buy It Four Less. His estimated annual earnings are $ 75,350 and he expects to pay 25 % of this amount in income tax. What will be his quarterly estimated tax payment for the second quarter?
(a) $ 7,790.40 (b) $ 1,655.46 (c) $ 4,709.38 (d) $ 2,391.00 (e) $ 2,319.00
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
