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:

Compensation Policy

A set of guidelines used by an organization to determine how employees will be paid for their work, including salaries, benefits, bonuses, and raises.

Directive Style

A leadership approach where instructions and orders are given directly to subordinates.

Path-Goal Theory

A leadership theory that suggests leaders should adjust their style, behaviors, and strategies to effectively motivate their followers and achieve task objectives.

Leadership Effectiveness

The degree to which a leader successfully influences and guides individuals or organizations towards achieving objectives.