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Other Fields Homework Help Accounting Topic started by: Mandarini on Feb 15, 2017



Title: Paul's tax liability for last year was $30,000. Paul projects that his tax for this year will be ...
Post by: Mandarini on Feb 15, 2017
Paul's tax liability for last year was $30,000. Paul projects that his tax for this year will be $40,000. Paul is self-employed and, thus, will have no withholding. His AGI for last year did not exceed $150,000. How much estimated tax should Paul pay for this year to avoid the penalty for underpayment of estimated taxes?


Title: Re: Paul's tax liability for last year was $30,000. Paul projects that his tax for this year will ...
Post by: strwbrry on Feb 15, 2017
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