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Author Question: If estimated tax payments equal or exceed 100% of the actual tax liability for the prior year, there ... (Read 37 times)

james0929

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Question 1

If an employee has more than one employer during the year, all employers must withhold federal income taxes but only one employer must withhold FICA tax.
◦ true
◦ false

Question 2

If estimated tax payments equal or exceed 100% of the actual tax liability for the prior year, there is generally (assuming AGI less than or equal to $150,000) no penalty for underpayment of estimated taxes.
◦ true
◦ false


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Marked as best answer by james0929 on Sep 13, 2020

mcinincha279

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james0929

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Reply 2 on: Sep 13, 2020
Excellent


helenmarkerine

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Reply 3 on: Yesterday
Wow, this really help

 

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