Jill's AGI was $120,000 last year and her federal tax liability was $40,000. In the current year Jill, an employee, expects to to make more money this year and wants to avoid penalties and a big tax bill on 4/15 of next year with her return. During the first quarter, the employer has withheld $3000 on her $20,000 in wages that are expected to be higher in future quarters. Assume a 25% tax rate How much, if any, estimated tax payment should Jill pay by 4/15 of the current year? O $11,000. O $7,000. O $1500. O None of the choices is correct. O $10,000.

Jill's AGI was $120,000 last year and her federal tax liability was $40,000. In the current year Jill, an employee, expects to to make more money this year and wants to avoid penalties and a big tax bill on 4/15 of next year with her return. During the first quarter, the employer has withheld $3000 on her $20,000 in wages that are expected to be higher in future quarters. Assume a 25% tax rate How much, if any, estimated tax payment should Jill pay by 4/15 of the current year? $11,000. $7,000. $1500. None of the choices is correct. $10,000