Multiple Choice
Mickey, a calendar year taxpayer, filed a return correctly showing no Federal income tax liability for 2010. During 2011, his AGI is $120,000 and his tax liability is $20,000. To avoid a penalty for 2011, Mickey must make aggregate estimated tax payments of at least:
A) $0.
B) $1,000 (minimum amount) .
C) $18,000.
D) $20,000.
Correct Answer:
Verified
Correct Answer:
Verified
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