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4. This year, Santhosh, a single taxpayer, estimates that his tax liability will be $100,000. Last year, his total tax liability was $15,000. He estimates that his tax withholding from his employer will be $35,000. Is Santhosh required to increase his withholding or make estimated tax payments this year to avoid the underpayment penalty? If so, how much?

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Answer:

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Explanation:

4. This year, Santhosh, a single taxpayer, estimates that his tax liability will be-example-1
4. This year, Santhosh, a single taxpayer, estimates that his tax liability will be-example-2
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User Marlen
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