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Ray Adams, a single taxpayer with no dependents, estimates his 2 0 2 3 Schedule C net profits as $ 1 0 5 , 0

Ray Adams, a single taxpayer with no dependents, estimates his 2023 Schedule C net profits as $105,000, one-half of self-employment tax as $7,418, and his QBI deduction as $16,746. In 2022, Ray's AGI was below $150,000 and Line 24 of his 2022 Form 1040 was $22,500, He had no refundable credits last year. Ray's Social Security number is 321-45-9876 and he lives at 1905 Hardin Valley Road, Knoxville, TN 37932. Assuming no other sources of income, deductions, or refundable credits in 2023, calculate Ray's estimated income and required annual payment using the 2023 Estimated Tax Worksheet.
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