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This year a single taxpayer estimates that her tax liability will be $ 9000. Last year her tax liability was $ 14000. She estimates that
This year a single taxpayer estimates that her tax liability will be $ 9000. Last year her tax liability was $ 14000. She estimates that her withholding from her employer will be $ 7100.
Is the taxpayer required to increase her withholding or make estimated payments this year to avoid the underpayment penalty? Explain. If so how much. explain your calculation.
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