Sherina Smith (Social Security number 785-23-9873) lives at 536 West Lapham Street, Milwaukee, WI 53204, and is self-employed for 2020. She estimates her required annual estimated income tax payment for 2020 to be $8,468. She was required to pay $254 when she timely filed her prior year tax return.Complete the first quarter voucher below for Sherina for 2020.Form1040-ESDepartment of the TreasuryInternal Revenue Service2020 Estimated TaxPaymentVoucher1OMB No. 1545-0074File only if you are making a payment of estimated tax by check or money order. Mail this voucher with your check or money order payable to “United States Treasury.” Write your social security number and “2020 Form 1040-ES” on your check or money order. Do not send cash. Enclose, but do not staple or attach, your payment with this voucher.Calendar year—Due April 15, 2020Amount of estimated tax you are payingby check or money order.DollarsCentsfill in the blank 1

The Tax payer can choose to arjust the overpayment from last year in current years estimates tax…

Answered: Sherina Smith (Social Security number…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Sherina Smith (Social Security number 785-23-9873) lives at 536 West Lapham Street, Milwaukee, WI 53204, and is self-employed for 2020. She estimates her required annual estimated income tax payment for 2020 to be $8,468. She was required to pay $254 when she timely filed her prior year tax return.

Complete the first quarter voucher below for Sherina for 2020.

Form
1040-ES
_{Department of the Treasury
Internal Revenue Service}

2020 Estimated Tax

Payment

Voucher

OMB No. 1545-0074

File only if you are making a payment of estimated tax by check or money order. Mail this voucher with your check or money order payable to “United States Treasury.” Write your social security number and “2020 Form 1040-ES” on your check or money order. Do not send cash. Enclose, but do not staple or attach, your payment with this voucher.

Calendar year—Due April 15, 2020

Amount of estimated tax you are paying

by check or money order.

Dollars	Cents
fill in the blank 1

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