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This year, Santhosh, a single taxpayer, estimates that his tax liability will be $121,000. Last year, his total tax liability was $22,000, He estimates that

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This year, Santhosh, a single taxpayer, estimates that his tax liability will be $121,000. Last year, his total tax liability was $22,000, He estimates that his tax withholding from his employer will be $42,000. Required: a. 15 Santhosh required to increase his withhoiding or make estimated tax payments this year to avoid the underpayment penaly? b. By how much, if any, must Santhosh increase his withhoiding andior estimated tax payments for the year to avoid underpayment penalies? Complete this question by entering your answers in the tabs below. By how much, if amy, must Santhosh increase his withholding and/or estimated tax payments for the year to avoid . underpayment penalties? This year, Santhosh, a single taxpayer, estimates that his tax liability will be $121,000. Last year, his total tax liability was $22,000, He estimates that his tax withholding from his employer will be $42,000. Required: a. 15 Santhosh required to increase his withhoiding or make estimated tax payments this year to avoid the underpayment penaly? b. By how much, if any, must Santhosh increase his withhoiding andior estimated tax payments for the year to avoid underpayment penalies? Complete this question by entering your answers in the tabs below. By how much, if amy, must Santhosh increase his withholding and/or estimated tax payments for the year to avoid . underpayment penalties

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