Gus is the self-employed owner of Four Paws Pet Supply. His estimated annual earnings are $43,280.00 and he expects to pay 18% of this amount in income tax. What will be his quarterly estimated tax payment for the second quarter? $7,790.40 $3,603.06 $1,655.46 $2,319.00
Gus is the self-employed owner of Four Paws Pet Supply. His estimated annual earnings are $43,280.00 and he expects to pay 18% of this amount in income tax. What will be his quarterly estimated tax payment for the second quarter? $7,790.40 $3,603.06 $1,655.46 $2,319.00
Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses
Section: Chapter Questions
Problem 38P
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Gus is the self-employed owner of Four Paws Pet Supply. His estimated annual earnings are $43,280.00 and he expects to pay 18% of this amount in income tax. What will be his quarterly estimated tax payment for the second quarter?
$7,790.40
$3,603.06
$1,655.46
$2,319.00
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT