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If a Taxpayer's AGI Is Greater Than $150,000,no Penalty Will

Question 10

Multiple Choice

If a taxpayer's AGI is greater than $150,000,no penalty will be imposed if the taxpayer pays estimated tax payments in 2016 equal to what percentage of 2015's income tax liability?


A) 100%
B) 90%
C) 110%
D) 120%

Correct Answer:

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