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Tax Withholding Assignment

Author:
February 16th, 2020

Noel has been working part-time through college and earned $20,000 last year with a total federal income tax liability of $1,200. This year he will earn $100,000 with an expected income tax liability of $15,000. What is the lowest amount of tax withholding Noel should have to meet the safe harbor rules?

A. $1,200.

B. $12,000.

C. $13,500.

D. $15,000. Get Finance homework help today

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