Question
Tom has year 20X1 tax liability of $39,000. He estimates that 20X2 tax liability will be $48,000. Year 20X1 AGI was $175,000. Year 20X2 withholdings
Tom has year 20X1 tax liability of $39,000. He estimates that 20X2 tax liability will be $48,000. Year 20X1 AGI was $175,000. Year 20X2 withholdings from wages will be $28,000. What amount of estimated tax payment must Tom make each quarter to not incur an underpayment penalty for 20X2
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Cost Estimating
Authors: Rodney D. Stewart
2nd Edition
0471857076, 978-0471857075
