An Individual with AGI Equal to or Less Than $150,000

question 50

Multiple Choice

An individual with AGI equal to or less than $150,000 in the prior year may generally avoid penalties for underpayment of estimated tax in each of the following cases with the exception of

• A)estimated tax is less than $1,500.
• B)90% of the tax due for the current year is paid.
• C)90% of the tax due for the current year is paid when computed on an annualized basis.
• D)100% of the actual tax liability for the prior year is paid.

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Definitions:

Schizotypal

A personality disorder characterized by severe social anxiety, thought disorder, paranoid ideation, derealization, transient psychosis, and often unconventional beliefs.

Compulsion

A compelling desire to act in a specific manner, even if it goes against what one consciously wants.

Recurring

Recurring means occurring repeatedly or periodically, often with a consistent pattern or interval.

Irrational Thought

A type of thinking that is not based on reason or logic, often characterized by unrealistic expectations or assumptions.