Tax Withholding Assignment
Tax Withholding Assignment, 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?
D. $15,000. Get Finance homework help today