Failure to Make Required Estimated Payments Will Subject the Taxpayer

question 73

Multiple Choice

Failure to make required estimated payments will subject the taxpayer to a potential underpayment penalty plus interest.However,if the difference between the tax shown on the return and the amount of tax withheld for wages is less than ________,the taxpayer will not be assessed a penalty.

• A)$1,250
• B)$500
• C)$850
• D)$1,000

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