Minnie, a Calendar Year Taxpayer, Filed a Return Correctly Showing

question 30

Multiple Choice

Minnie, a calendar year taxpayer, filed a return correctly showing a zero Federal income tax liability for last year because her Form 1040 showed various deductions and credits. For this tax year, Minnie's AGI is $120,000, and her tax liability is $20,000. To avoid a penalty for the current year, Minnie must make aggregate estimated tax payments of at least:

• A) $20,000.
• B) $18,000.
• C) $1,000 (minimum amount).
• D) $0.

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Definitions:

Less Cratered

Refers to planetary surfaces or celestial bodies that have fewer impact craters, often indicating geological activity or a younger surface age compared to heavily cratered areas.

Mini Solar-System

Refers to a model or system that resembles a small-scale version of our solar system, often used in educational contexts.

Large And Small Moons

Natural satellites that orbit planets, varying widely in size from the tiny moonlets to the large bodies like Earth's Moon or Jupiter's Ganymede.

Largest Planet

Jupiter, known as the largest planet in the solar system, distinguished by its massive size and gas giant composition.