Question 34 (3.1 points) Saved If a taxpayer cannot accurately predict their current year tax liability to make sufficient tax withholding amounts or income tax estimated payments, the taxpayer may pay 100% of their previous year's tax liability (110% for AGI greater than $150.000). We call this safe-harbor hedging over-estimating None of the above, the IRS will penalize the taxpayer regardless Question 30 (3.1 points) Saved There are three types of property discussed in Chapter 10. One of the types is not depreciated, depleted or amortized. It is Personal-use property Personal property Real property Intangible property Question 29 (3.1 points) Saved The child tax credit ($2,000) is partially refundable and nonrefundable. What is the maximum amount of the refundable portion can go no higher than? $1,400 $1,500 $1,600 $1,700 Question 28 (3.1 points) Saved Your aunt is 60 years old. She decides to go back to college. She files a joint tax return with her husband, Willard. Which of the following credits is she likely to use regarding her higher education expenses? American Opportunity Credit Lifetime Leaming Credit Old Age Credit Dependent Care Credit Question 25 (3.1 points) Saved Under the new Tax Cuts and Jobs Act of 2017, casualty losses (of an individual taxpayer) 50% deductible on Schedule A subject to a $1,000 deductible are never deductible only deductible if occurring in a Federally Declared Disaster Area deductible on Schedule A subject to a $100 deductible and insurance reimbursement