K is self-employed. His annual estimated tax payment for 2021 to be $4500. K has over payment of $120 of last year's taxes which he will apply in his first quarter estimated payment. What should be the amount of tax voucher for the first quarter? $255 $365 $250 $260
K is self-employed. His annual estimated tax payment for 2021 to be $4500. K has over payment of $120 of last year's taxes which he will apply in his first quarter estimated payment. What should be the amount of tax voucher for the first quarter? $255 $365 $250 $260
Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses
Section: Chapter Questions
Problem 38P
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT