In respect to your federal income taxes,which one of the following may you have to do during retirement,even if you did not have to do so prior to retiring? (Assume you have both pre- and post-retirement income. )

Question

Quizplus · Accepted Answer

If you have post-retirement income, such as distributions from retirement accounts, you may have to file quarterly estimated tax returns to ensure that you are withholding enough taxes throughout the year to meet your tax liability. This is because retirement income may not be subject to automatic withholding like traditional employment income.

In Respect to Your Federal Income Taxes,which One of the Following