K is self-employed. His annual estimated tax payment for 2021 to be $4500. K has over payment of $120 of last year's taxes which he will apply in his first quarter estimated payment. What should be the amount of tax voucher for the first quarter? $255 $365 $250 $260
K is self-employed. His annual estimated tax payment for 2021 to be $4500. K has over payment of $120 of last year's taxes which he will apply in his first quarter estimated payment. What should be the amount of tax voucher for the first quarter? $255 $365 $250 $260
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![K is self-employed. His annual estimated tax payment for 2021 to be $4500. K has over payment of $120 of last year's taxes
which he will apply in his first quarter estimated payment. What should be the amount of tax voucher for the first quarter?
O $255
$365
$250
O $260](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9c0e1a6b-3636-4240-87cf-f9f844754fa7%2F2cd5adfb-8b9a-4e07-a1cf-a7c6b84e926e%2Fpryl00c_processed.png&w=3840&q=75)
Transcribed Image Text:K is self-employed. His annual estimated tax payment for 2021 to be $4500. K has over payment of $120 of last year's taxes
which he will apply in his first quarter estimated payment. What should be the amount of tax voucher for the first quarter?
O $255
$365
$250
O $260
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