Year	Taxes Payable	Amounts Withheld at source
2018	$82,000	$79,000
2019	76,000	70,200
2020 (Estimated)	63,000	59,000

Required (9 marks, 15 minutes)

1) Calculate the net tax owing for each year.

2) Based upon (1) above, indicate if Mr, Seinfeld will be required to make installments for the 2020 taxation year? Indicate why by outlining the numbers that meet/do not meet the requirements.

3) Indicate the quarterly payments under the 3 methods of calculating installments (if installment amount are the same, just do the calculation once) (i.e. $1,000 /quarters)

4) Which method do you recommend? Why? (brief)