Happy, Sleepy, Grumpy, and Doc All Did Not Make Adequate

question 9

Multiple Choice

Happy, Sleepy, Grumpy, and Doc all did not make adequate estimated payments. Which of them will not owe underpayment penalties for 2016 given the following information? $$\begin{array} { | l | r | r | r | } \hline & \text { Tax fablity } & \text { Tax liablity } & \text { Tax liability } \\& 2016 & 2015 & \mathbf { 2 0 1 4 } \\\hline \text { Happy } &\$2,200&\$0&\$500\\\hline \text { Sleepy } & \$ 1,500 & \$500 & \$ 700 \\\hline \text { Grumpy } & \$ 1,200 & \$ 200 & \$ 0 \\\hline \text { Doc } & \$ 800 & \$ 1,100 & \$ 1,001 \\\hline\end{array}$$

• A) Happy
• B) Sleepy
• C) Grumpy
• D) Doc
• E) Two of the above
• F) None of the above

---

Definitions:

Chief Advisers

High-ranking officials or experts who provide expert advice and guidance to the head of a government, organization, or leader.

Secretary

An official who heads a government department or a key executive of a company, responsible for ensuring the smooth operation and administration of the organization.

Bureaucratic Positions

Jobs within government agencies and departments, often involving administration and the implementation of policies.

Expertise

Specialized knowledge or skill in a particular field or area, usually acquired through training and experience.