Question

Kana is a single wage earner with no dependents and taxable income of $155,000 in 2017....

Kana is a single wage earner with no dependents and taxable income of $155,000 in 2017. Her 2017 withholding was $32,000. Her 2016 taxable income was $151,000 and tax liability was $35,317.

Calculate Kana’s 2017 income tax liability and the minimum required 2017 annual payment necessary to avoid any penalty. Round your answers to two decimal places.

Kana’s 2017 income tax liability: $
Kana’s minimum required 2017 annual payment necessary to avoid any penalty: $

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