Erin is self-employed for 2021. Erin estimates her required annual estimated tax payment for 2021 to be $5,300. Erin had a $400 overpayment of last year's taxes which she will apply against her first quarter estimated payment. a. How much should Erin pay with her first quarter estimated tax voucher? b. When is the payment due?

Erin is self-employed for 2021. Erin estimates her required annual estimated tax payment for 2021 to be $5,300. Erin had a $400 overpayment of last year's taxes which she will apply against her first quarter estimated payment. a. How much should Erin pay with her first quarter estimated tax voucher? b. When is the payment due?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 60P

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