Doris expects to have a tax liability of $16000 in
2019 and will have $7000 in withholding.She will not have any tax
credits. Her 2018 tax liability was $10000. How much dhould Doris
pay in estimated taxes if she wishes to avoid owing additional
funds when she files her 2019 tax return
a. $6000
b. $7400
c. $9000
d. $10000
answer is option C
$9000
estimated taxes = tax liability - federal tax withholdings = 16000-7000 = $9000
Federal withholdings reduces the tax liability.
Doris expects to have a tax liability of $16000 in 2019 and will have $7000 in...
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Sophia filed her 2018 return and paid the taxes on November 1,
2019. She did not have a valid extension of time to file. In which
of the following situations would she most likely qualify for a
penalty exception
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