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Gus Is the Self-Employed Owner of Four Paws Pet Supply

Question 55

Multiple Choice

Gus is the self-employed owner of Four Paws Pet Supply. His estimated annual earnings are $43,280.00 and he expects to pay 18% of this amount in income tax. What will be his quarterly estimated tax payment for the second quarter?


A) $7,790.40
B) $3,603.06
C) $1,655.46
D) $2,319.00

Correct Answer:

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