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

question 102

Multiple Choice

Mickey,a calendar year taxpayer,filed a return correctly showing no Federal income tax liability for 2009.During 2010,his AGI is $120,000 and his tax liability is $20,000.To avoid a penalty for 2010,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:

Political Realignment

A significant change in political behavior that results in a new set of party alliances, often due to major events or shifts in societal norms.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, steep declines in industrial production, and widespread poverty.

Turbulent 1960s

A period marked by major social and political upheaval in the United States and globally, including civil rights movements, anti-war protests, and significant cultural shifts.

Proportional Representation

An electoral system in which parties gain seats in proportion to the number of votes cast for them.