Final answer:
The statement that only self-employed individuals are required to make estimated tax payments is false, as other taxpayers with income not subject to withholding may also need to make these payments (B).
Step-by-step explanation:
The statement that only self-employed individuals are required to make estimated tax payments is false. Not only self-employed individuals, but also other taxpayers may need to make estimated tax payments. This could include individuals in the "gig" economy, business owners, investors, retirees, and those with other forms of income without withholding. Estimated tax payments are a way for the IRS to collect tax on income that is not subject to withholding, and this can apply to both business and personal income.
For example, a business is charged an income tax and may be responsible for additional taxes such as employment tax, unemployment compensation, social security insurance, and excise tax. On the personal level, taxes are also paid by consumers when purchasing goods and services and are used to fund various public services and infrastructure.