If a Taxpayer's AGI Is Greater Than $150,000,no Penalty Will

question 40

Multiple Choice

If a taxpayer's AGI is greater than $150,000,no penalty will be imposed if the taxpayer pays estimated tax payments in 2017 equal to what percentage of 2016's income tax liability?

• A)100%
• B)90%
• C)110%
• D)120%

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Definitions:

Chyme

The semi-fluid mass of partly digested food that moves from the stomach to the small intestine.

Ileum

The final and longest segment of the small intestine, where most of the absorption of nutrients and minerals from food takes place.

Peptic Ulcer

A sore that develops on the lining of the stomach, small intestine, or esophagus caused by the action of stomach acid.

Antacids

Substances that neutralize stomach acid to relieve heartburn, indigestion, and stomach upset.