A taxpayer with an AGI of $157,350 for 2016 pays estimated taxes.The taxpayer can avoid an underpayment penalty by paying:
A) At least 100% of the 2015 tax liability ratably over four quarterly payments.
B) At least 90% of the 2016 tax liability ratably over four quarterly payments.
C) At least 100% of the 2016 tax liability ratably over four quarterly payments.
D) At least 90% of the 2015 tax liability if 2015 adjusted gross income was less than $100,000,regardless of filing status.
Correct Answer:
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