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Just need the true or false answer on top of the page 13. For the following, taxpayers, determine if they are required to file a

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Just need the true or false answer on top of the page

13. For the following, taxpayers, determine if they are required to file a tax retum in 2020.000 $15.000 925 bach SOCO $20,000 US buco coa&o 10) Bob's income can vary widely from year-to-year because much of his compensation comes from sales commissions and bonuses. It generally is in the $200,000 to $300,000 range. To minimize the risk of underpayment penalties for estimated tax he should pay in, through payroll withholding and estimated tax payments, 100% of the prior year tax liability. Answer: Tor F 11) Assume a taxpayer determines that his total income tax for the year is $25,000 at the time he files his tax retum. Given the fixed tax liability, a taxpayer with savings should prefer a tax refund of $2.500 over a tax due of $2,500. Answer: Tor F Open Response: 12. This year, a single taxpayer, estimates that her tax liability will be $9.000. Last year, her tax liability was $14,000. She estimates that her tax withholding from her employer will be $7,100. 1. Is the taxpayer required to increase her withholding or make estimated payments this year to avoid the underpayment penalty? Explain, yesasid pygard Qol of 2000 - 2000x4668100 on 100% of the last year 2. If so, how much explain your calculation) liability of 14000 =16000 the lower of the as 2100 thorelone increase in withholdin Complete the table below: Filing Status Gross Income Single 13 awal Head of Household 18650 2. undepayment penalty Filing Requirement Yes/No: Explain (1 8400 deduction is hoc 400 3056 $17.500 No because someone is buss them duction of 18650 dedition Married Filing Jointly (MF) 24 800 deduction DOOR $30,000 MFJ, both age 68, both blind $14,000 Single, age 75

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