Federal Tax Research 10th Edition by Steven Gill, Gerald Whittenburg, Roby Sawyers, Debra Sanders, William Raabe

Exercise 17

Trudy's AGI last year was $200,000. Her federal income tax came to $40,000, which she paid through a combination of withholding and estimated payments. This year, her AGI will be $300,000, with a projected tax liability of $60,000, all to be paid through estimates. Ignore the annualized-income method. Compute Trudy's quarterly estimated-payment schedule for the year, assuming that she wants to make the minimum necessary payments to avoid any underpayment penalties.