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If a Taxpayer's AGI Is Greater Than $150,000,no Penalty Will

question 74

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If a taxpayer's AGI is greater than $150,000,no penalty will be imposed if the taxpayer pays estimated tax payments in 2014 equal to what percentage of 2013's income tax liability?


Definitions:

General Pershing

John J. Pershing, a senior United States Army officer who commanded the American Expeditionary Force in Europe during World War I.

Treaty Of Brest-Litovsk

A peace treaty signed on March 3, 1918, between the new Bolshevik government of Russia and the Central Powers (Germany, Austria-Hungary, Bulgaria, and Ottoman Empire), ending Russia's participation in World War I and resulting in significant territorial losses for Russia.

Russian Civil War

A multi-party war in the former Russian Empire after the Bolshevik Revolution, occurring between 1917 and 1922, leading to the establishment of the Soviet Union.

Fourteen Points

A set of guidelines for achieving peace, presented by U.S. President Woodrow Wilson in 1918, intended to guide peace talks to conclude World War I.

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