Problem 9-6 Estimated Payments (LO 9.2) Kana is a single wage earner with no dependents and taxable income of $168,700 i
Posted: Sun Apr 17, 2022 7:06 pm
Problem 9-6
Estimated Payments (LO 9.2)
Kana is a single wage earner with no dependents and taxable
income of $168,700 in 2021. Her 2020 taxable income was $155,000
and tax liability was $31,375.
Calculate Kana's 2021 income tax liability and the minimum
required 2021 annual payment necessary to avoid any
penalty. Round your answers to two decimal
places.
Click here to access the income tax rate schedules.
Kana's 2021 income tax liability: $
Kana's minimum required 2021 annual payment necessary to avoid any
penalty: $
Estimated Payments (LO 9.2)
Kana is a single wage earner with no dependents and taxable
income of $168,700 in 2021. Her 2020 taxable income was $155,000
and tax liability was $31,375.
Calculate Kana's 2021 income tax liability and the minimum
required 2021 annual payment necessary to avoid any
penalty. Round your answers to two decimal
places.
Click here to access the income tax rate schedules.
Kana's 2021 income tax liability: $
Kana's minimum required 2021 annual payment necessary to avoid any
penalty: $