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In 2011 Q's A

Question 35

Multiple Choice

In 2011 Q's A.G.I.was $153,000, and his gross tax liability was $40,000.In 2012 his A.G.I.is $160,000, and his gross tax liability before prepayments is $45,000.What is the lowest required installment that Q can make and avoid a penalty? (Ignore the annualized income installment.)


A) $11,250
B) $11,000
C) $10,125
D) $10,000

Correct Answer:

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