Individuals are required to pay instalments:
A)when net tax owing is over $3,000 for any one of the past two years.
B)when net tax owing is over $3,000 for the current year and both of the two prior years.
C)when net tax owing is over $3,000 for the current year and one of the two prior years.
D)when net tax owing is over $3,000 for the current year only.

Question

Quizplus · Accepted Answer

Individuals are required to pay instalments when their net tax owing is over $3,000 for the current year and one of the two prior years.

Individuals Are Required to Pay Instalments