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Which of the following is true about estimated tax payments? * -Estimated tax payments are for budgeting only, there is no penalty for making tax

Which of the following is true about estimated tax payments? *
-Estimated tax payments are for budgeting only, there is no penalty for making tax
payments once a year
-Estimated tax payments can be satisfied through wage withholdings for most
employees
-Estimated tax payments must be made twice a year
-Estimated tax payments are based on 90% of the prior year tax liability

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