Which of the Following Correctly Reflects Current Rules Regarding Estimated

question 63

Multiple Choice

Which of the following correctly reflects current rules regarding estimated tax payments for individuals?

• A)Employees are not subject to the estimated tax payment provisions.
• B)Any penalty imposed for underpayment is deductible for income tax purposes.
• C)Married taxpayers may not make joint estimated tax payments unless they file a joint income tax return.
• D)No quarterly payments are required if the taxpayer's estimated tax is under $1,000.

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Definitions:

Authorization

A process that determines which actions, rights, or privileges the person has, based on verified identity.

Authorization

The process of giving someone permission to do or have something, often related to access in security systems or financial transactions.

Whitelisting

Whitelisting is the practice of explicitly allowing some identified entities access to a particular privilege, service, mobility, access, or recognition. It is used in computing to ensure only approved software or email senders can execute or be received.

Multi-factor Authentication

A security measure that requires two or more proofs of identity from independent categories to grant access to a system or data.