Make quarterly estimated tax payments

Assignment Help Financial Management

Reference no: EM131981912

In January, Ms. NW projects that her employer will withhold $25,000 from her 2018 salary. However, she has income from several other sources and must make quarterly estimated tax payments.

Compute the quarterly payments that result in a 2018 safe-harbor estimate assuming that her 2017 AGI was $176,000, and her tax was $47,200.

Compute the quarterly payments that result in a 2018 safe-harbor estimate assuming that her 2017 AGI was $139,000, and her tax was $36,800.

Reference no: EM131981912

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