can you explain how we got this answer 17) Assume that...

60.1K

Verified Solution

Question

Accounting

can you explain how we got this answer
image
17) Assume that a taxpayer who is a sole proprietor wants to know how much to pay in estimated taxes during 2017. Also assume that her tax in 2017 is estimated to be $26,667 (padded) and that in 2016 her tax bill (assume this is correct and will not be changed on audit) was $28,800. If her AGI was $170,000 in 2016 , the minimum amount of estimated tax she must pay with each quarterly payment is within $10 of: a. $6,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students