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Michael earns $110,000, and his tax liability for the current year is 58,000, double what it was the previous year. To avoid penalties, how much

Michael earns $110,000, and his tax liability for the current year is 58,000, double what it was the previous year. To avoid penalties, how much do his combined payments (withholding and credits) have to be? $2,000 58,000 $4,000 $16,000

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