Mickey, a Calendar Year Taxpayer, Was Not Required to File

question 71

Multiple Choice

Mickey, a calendar year taxpayer, was not required to file a 2010 Federal income tax return. During 2011, his AGI is $120,000 and his tax liability is $20,000. To avoid a penalty for tax underpayments for 2011, Mickey must make aggregate estimated tax payments of at least:

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

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Definitions:

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences through study, experience, or teaching.

Experiences

Refers to the events or occurrences that leave an impression on someone, encompassing both the subjective perception and the objective event.

Unconditioned Response

An automatic and natural response that occurs to a stimulus without the need for prior learning or conditioning.

Meat Powder

A powdered form of meat used in various scientific experiments or as a dietary supplement, providing a concentrated source of protein and nutrients.