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

question 918

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

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Definitions:

Carbohydrate

A macronutrient consisting of sugars, starches, and fibers found in fruits, grains, vegetables, and milk products, providing energy to the body.

Calories

A measurement of energy that our body gets from consuming food and beverages.

Fiber Intake

The amount of dietary fiber consumed, which is important for digestion, maintaining a healthy weight, and lowering the risk of diabetes and heart disease.

Grams

A metric unit of mass equal to one thousandth of a kilogram.