Minnie, a Calendar Year Taxpayer, Filed a Return Correctly Showing

question 120

Multiple Choice

Minnie, a calendar year taxpayer, filed a return correctly showing a zero Federal income tax liability for 2011, because her Form 1040 showed various deductions and credits.During 2012, Minnie's AGI is $120,000 and her tax liability is $20,000.To avoid a penalty for 2012, 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:

Temporal Lobe

A region of the brain responsible for processing auditory information and is also involved in memory and emotion.

Frontal Lobes

Brain regions located at the front of each cerebral hemisphere, responsible for executive functions like decision making, problem-solving, and controlling behavior.

Neurogenesis

The act of producing new brain cells.

Lateralization

The inclination for specific neural operations or mental activities to have a stronger presence in one side of the brain compared to the opposite side.