Business
Business, 19.10.2021 01:50, levicorey846

Which of these is an incorrect statement regarding estimated tax payments? If the taxpayer's AGI for 2020 was more than $150,000 (or more than $75,000 if their 2021 filing status is MFS), they must prepay 110% of their 2020 tax. If at least two-thirds of the taxpayer's 2020 or 2021 gross income comes from farming or fishing, they are required to prepay only two-thirds of their 2020 tax. An employee required to pay estimated tax may direct their employer to withhold extra income tax from their wages by providing the employer with a new Form W-4 instead of making estimated tax payments. Form 1040-ES must be filed for 2021 if estimated tax is $500 or more.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 17:10, hartzpeyton136
Which term refers to the amount of products generated divided by the inputs necessary to create that output? a. performance b. industry ranking c. productivity d. organizational performance e. organizational effectiveness
Answers: 1
image
Business, 22.06.2019 08:40, raffigi
Which of the following statements is true regarding the reporting of outside interests and the management of conflicts? investigators are responsible for developing their own management plans for significant financial interests. the institution must report identified financial conflicts of interest to the u. s. office of research integrity. investigators must disclose their significant financial interests related to their institutional responsibilities and not just those related to a particular project. investigators must disclose all of their financial interests regardless of whether they are related to a research project.
Answers: 3
image
Business, 22.06.2019 19:20, dayday0
Six years ago, an 80-kw diesel electric set cost $160,000. the cost index for this class of equipment six years ago was 187 and is now 194. the cost-capacity factor is 0.6. the plant engineering staff is considering a 120-kw unit of the same general design to power a small isolated plant. assume we want to add a precompressor, which (when isolated and estimated separately) currently costs $13291. determine the total cost of the 120-kw unit. (hint: skip $ and comma symbols)
Answers: 3
image
Business, 22.06.2019 20:00, pickles3233
What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.
Answers: 3
Do you know the correct answer?
Which of these is an incorrect statement regarding estimated tax payments? If the taxpayer's AGI for...

Questions in other subjects:

Konu
Mathematics, 11.03.2021 23:50