An Individual with AGI Equal to or Less Than $150,000

question 50

Multiple Choice

An individual with AGI equal to or less than $150,000 in the prior year may generally avoid penalties for underpayment of estimated tax in each of the following cases with the exception of

• A)estimated tax is less than $1,500.
• B)90% of the tax due for the current year is paid.
• C)90% of the tax due for the current year is paid when computed on an annualized basis.
• D)100% of the actual tax liability for the prior year is paid.

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Definitions:

Codon

A sequence of three nucleotides which together form a unit of genetic code in a DNA or RNA molecule, specifying a particular amino acid.

Amino Acids

Organic compounds that combine to form proteins, acting as the building blocks of life.

Metabolic Defects

Metabolic defects refer to abnormalities in the body’s processes that convert food into energy, leading to various health issues.

Enzyme

Enzyme is a protein that acts as a biological catalyst, speeding up chemical reactions in living organisms without being consumed in the process.