Julie, a self-employed individual, is required to make estimated payments of her tax liability for the year.
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Question:
Julie, a self-employed individual, is required to make estimated payments of her tax liability for the year. Her tax liability for 2022 was $25,000, and her AGI was less than $150,000. For 2023, Julie ultimately determines that her income tax liability is $18,000. During the year, however, she made the following payments, totaling $13,000:
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