Question
Paul has the following information: agi for 2016. 155000 withholding for 2016. 24000 total tax for 2015 29000 total tax for 2015 33793 a. How
Paul has the following information:
agi for 2016. 155000
withholding for 2016. 24000
total tax for 2015 29000
total tax for 2015 33793
a. How much must Paul pay in estimated taxes to avoid penalty
b. If Paul paid $1000 per quarter would he have avoided the estimated tax penalty
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Brian Zwicker
12th Canadian edition
133133230, 978-0133133233
