Which one of the following individuals likely would not have to make quarterly estimated payments?
A)A child with $10,000 trust income
B)An individual whose only income is salaries and wages
C)A self-employed individual with net income of $15,000
D)An individual with a large stock and bond portfolio

Question

Quizplus · Accepted Answer

An individual whose only income is salaries and wages typically has income tax withheld from each paycheck by their employer, so they would not need to make quarterly estimated payments. The other options may have income that is not subject to withholding, such as investment income or self-employment income, and would likely need to make quarterly estimated payments.

Which One of the Following Individuals Likely Would Not Have