Multiple Choice
Jason Marks has to pay his tax by instalments as a result of his significant investment income. His net tax owing in 2018 was $13,600. In 2019, it was $15,000. His estimate for 2020 is $17,000. If he decides to pay his 2020 tax instalments according to the prior year option, how much should he pay on September 15, 2020?
A) $3,400.
B) $3,750.
C) $4,250.
D) $6,500.
Correct Answer:
Verified
Correct Answer:
Verified
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