Multiple Choice
Mickey,a calendar year taxpayer,filed a return correctly showing no income tax liability for 2007.During 2008,his AGI is $120,000 and his income tax liability was $20,000.To avoid a penalty for 2008,Mickey must make aggregate estimated tax payments of at least:
A) $0.
B) $1,000 (minimum estimate) .
C) $18,000.
D) $20,000.
Correct Answer:
Verified
Correct Answer:
Verified
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