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View Full Version : Basic operations and Business Basics


hanregal
Dec 11, 2010, 10:55 AM
Darrell owns a consulting business and pays taxes quarterly on his estimated annual income of $63,000. His Social Security tax is 12.45, Medicare is 2.9%, and his estimated federal income tax is 22%. How much quarterly estimated tax must Darrel send to the IRS for the first quarter?