Part 1: Wan's AGI last year was $200,000. Her Federal income tax came to $65,000, paid through both withholding and estimated payments. This year, her AGI will be $300,000, with a projected tax liability of $50,000, all to be paid through estimates. Wan wants to pay the least amount of tax during the year that does not incur a Federal tax penalty. Compute Wan's total estimated tax payments for this year.

Under the current-year method: $

Under the prior-year method: $71,500

Part 2: Assume instead that Wan's AGI last year was $100,000 and resulted in a Federal income tax of $20,000. Determine her total estimated tax payments for this year.

Under the current-year method: $

Under the prior-year method: $