Z, a calendar year self-employed individual, had a $1,600 tax liability for 2011.Because Z had so many itemized deductions and exemptions, this tax liability was due solely to the self-employment tax.Z's 2011 tax liability, including $3,000 of self-employment taxes, totaled $4,000.Z's 2011 A.G.I.was $22,000.In order to avoid a penalty for her 2011 tax year, Z must have made quarterly estimated tax payments of at least
A)$200
B)$400
C)$750
D)$1,000
E)$1,600

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The Answer of Z, a calendar year self-employed individual, had a $1,600 tax liability for 2011.Because Z had so many itemized deductions and exemptions, this tax liability was due solely to the self-employment tax.Z's 2011 tax liability, including $3,000 of self-employment taxes, totaled $4,000.Z's 2011 A.G.I.was $22,000.In order to avoid a penalty for her 2011 tax year, Z must have made quarterly estimated tax payments of at least
A)$200
B)$400
C)$750
D)$1,000
E)$1,600

Z, a Calendar Year Self-Employed Individual, Had a $1,600 Tax