Which of the Following Statements About Estimated Tax Payments and Underpayment

question 64

Multiple Choice

Which of the following statements about estimated tax payments and underpayment penalties is true for individual taxpayers?

• A)Taxpayers who have paid their full tax liability by the original tax return due date are protected from underpayment penalties.
• B)Taxpayers who have paid their full tax liability by the extended tax return due date are protected from underpayment penalties.
• C)Taxpayers who have uneven income streams can pay estimated tax quarterly in uneven amounts and not be susceptible to underpayment penalties.
• D)Taxpayers who have paid their required amount of estimated tax, even though not on time, are protected from underpayment penalties.

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Definitions:

Potential Space

An area between two adjacent body parts or organs that can potentially become a real space if filled with fluid, air, or other substances.

Tense Muscles

Muscles that are contracted and stiff, often due to stress, overuse, or underlying health conditions, leading to discomfort and reduced mobility.

Massage Technique

A range of methods and strokes applied to the body's soft tissues to relieve tension, improve blood flow, and promote relaxation.

Vertebral Column

The spine; a series of vertebrae extending from the skull to the lower back, protecting the spinal cord and supporting the body.