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Table Tax for 2019 Paul has the following information: AGI for 2019 Withholding for 2019 Total tax for 2018 Total tax for 2019 $ 155,000
Table Tax for 2019
Paul has the following information: AGI for 2019 Withholding for 2019 Total tax for 2018 Total tax for 2019 $ 155,000 = $ 28, 200 = $ 31,800 = $ 31,947 Required: a. How much must Paul pay in estimated taxes to avoid a penalty? (Round the final answer to nearest whole dollar amount.) Minimum estimated tax payment b. If Paul had paid $800 per quarter, would he have avoided the estimated tax penalty? Yes NoStep by Step Solution
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