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Compute Amy smallest amount of required annual withholding

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Problem - Amy is a single taxpayer. Her income tax liability in the prior year was $5,178. Amy earns $50,000 of income ratably during the current year and her tax liability is $4,372. In order to avoid penalty, compute the Amy's smallest amount of required annual withholding and estimated payments?

a. $4,372

b. $3,935

c. $5,178

d. $4,660

e. $5,696

Reference no: EM132703061

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