Mickey,a Calendar Year Taxpayer,filed a Return Correctly Showing No Income

question 37

Multiple Choice

Mickey,a calendar year taxpayer,filed a return correctly showing no income tax liability for 2007.During 2008,his AGI is $120,000 and his income tax liability was $20,000.To avoid a penalty for 2008,Mickey must make aggregate estimated tax payments of at least:

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

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Definitions:

Sternberg's Triarchic Theory

A theory of intelligence proposing that human intelligence comprises three aspects: analytical, creative, and practical abilities.

Human-Like Language

Language or communication methods that mimic or resemble human language in structure, complexity, or mode of expression.

Algorithm

is a specific procedure or set of rules to be followed in calculations or problem-solving operations, especially by a computer.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions, often in a spontaneous, free-flowing manner.