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This year, Santhosh, a single taxpayer, estimates that his tax lability will be $101,500. Last year, his total tax liability was $15,500 He estimates that

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This year, Santhosh, a single taxpayer, estimates that his tax lability will be $101,500. Last year, his total tax liability was $15,500 He estimates that his tax withholding from his employer will be $35,500 Required: a. Is Santhosh required to increase his withhoiding or make estimated tax payments this year to avoid the underpayment penalty? b. By how much. if any. must Santhosh increase his withholding andior estimated tax payments for the year to avoid underpayment penalties? Complete this question by entering your answers in the tabs below. Is Santhosh required to increase his withholding of make estimated tax payments this year to avold the underpayment penalty? This year, Santhosh, a single taxpayer, estimates that his tax liability wilt be $101,500. Last year, his total tax hability was $15.500 He estimates that his tax withholding from his empioyer will be $35,500. Required: a. Is Santhosh required to increase his withholding or make estimated tax payments this year to avoid the underpayment penalty? b. By how much, if any, must Santhosh increase his withholding and/or estimated tax payments for the year to avold underpayment penalties? Complete this question by entering your answers in the tabs below. By how much, if any, must santhosh increase his withtialding and/or estimated tax payments for the year to avoid underpayment penalties

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