Posted by lucie on Thursday, January 6, 2011 at 12:09pm.
Step 1
Annual income/4 quarters = quarterly income subject to tax to be sent to IRS
Step 2
Add up the individual tax percents to get the total percent ( 12.4% + 2.9% + 22% = ?)
Step 3
Multiply the result of step 1 by the result of step 2. This is the total tax amount to be sent to the IRS.
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