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Sheena Maskell Sheena Maskell
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7 years ago
With respect to estimated tax payments for a taxpayer with AGI of $150,000 or lower in the prior year, all of the following are generally true with the exception of
A) no penalty is imposed if the estimated tax is less than $1,000.
B) no penalty is imposed if the individual has no tax liability for the prior year.
C) no underpayment penalty is imposed if the estimated payments total at least 90% of the tax due for the current year.
D) no underpayment penalty is imposed if the estimated payments total at least 90% of the actual tax liability for the prior year.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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MsLippyMsLippy
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7 years ago
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Sheena M. Author
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#2
7 years ago
I took a chance with your answer

It was right
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