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

question 74

Multiple Choice

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?

• A)100%
• B)90%
• C)110%
• D)120%

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Definitions:

HIV Transmission

The process by which the Human Immunodeficiency Virus is spread from one individual to another, commonly through bodily fluids.

Poverty

A state of economic deprivation, lacking sufficient money or material possessions for a standard of living considered comfortable or normal in a society.

Perinatal Transmission

The transfer of an infectious disease or condition from a mother to her baby during the period immediately before and after birth.

Infected Blood Transfusions

The transmission of infectious diseases through the transfusion of blood or blood products that are contaminated with pathogenic microorganisms.