Mary is self-employed for 2015. Mary estimates her required annual estimated tax payment for 2015 to be $4,000. Mary had a $500 overpayment of last year's taxes which she will apply against her first quarter estimated payment.
a.How much should Mary pay with her first quarter estimated tax voucher?
b.When is the payment due?
Correct Answer:
Verified
Q1: Dividend income is not subject to the
Q21: Which of the following taxpayers are not
Q33: Mark the correct answer. FICA taxes are:
A)7.65
Q35: For 2015, the maximum base for the
Q36: Elwin worked at three jobs during 2015.
Q37: Redford's salary was $124,000 in 2015. What
Q41: For 2015, the maximum base amount for
Q48: Form 1099-DIV is an information return used
Q49: When required, gambling winnings are reported by
Q55: The Pear Corporation pays its employees every
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents