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:

Boxplots

A graphical representation of data that shows the distribution's five-number summary: minimum, first quartile, median, third quartile, and maximum.

Coefficients of Contrast

Statistic coefficients used to compare differences between means within groups versus the overall mean, often used in analysis of variance.

Standard Error

A statistical measure that estimates the accuracy with which a sample distribution represents a population by quantifying the variation between sample means if the experiment were repeated.

Sample Contrast

The comparison between different subsets or samples within a study to identify variations or patterns.