Jerrod (single) has a 2021 tax liability of $952. His AGI does not exceed $150,000. He had no 2021 withholding and did not make any estimated payments. His 2020 tax liability was $1211. Does he owe an estimated tax payment penalty for 2021 why or why not no jerrod does not owe a penalty because his 2021 tax liability is less than 1000 no jerrod does not owe a penalty because he was not subject to withholding yes jerrod owes a penalty because his 2020 tax liability was greater than his 2021 tax liability yes because he did not pay at least 90% of his 2021 tax liability through withholding or estimated

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.