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Adelaide is self-employed and must submit estimated quarterly tax payments. Her predicted total tax liability for the current year will be $24,000, and her current withholding are $16,186. She is advised to determine her quarterly payments by subtracting her current withholding from her predicted total tax liability and dividing by four. What is a good estimate for Adelaide to use for her quarterly payments?

1 Answer

3 votes

Answer:

24000-16186=7814

Explanation:

7814÷4=1953•5

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