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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 33
Paul has the following information:
a. How much must Paul pay in estimated taxes to avoid a penalty (disregard the making work pay credit)?
b. If Paul paid $1,000 per quarter, would he have avoided the estimated tax penalty?
a. How much must Paul pay in estimated taxes to avoid a penalty (disregard the making work pay credit)?b. If Paul paid $1,000 per quarter, would he have avoided the estimated tax penalty?
Explanation
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Income tax:
Income tax is the part of t...
Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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