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Finance
Personal Finance
Tax Planning
Macy is self-employed. Based on last year, her projected state and federal taxes for this year will be approximately $14,000. Determine how much Macy should prepay each quarter in order to meet her projected taxes by the end of the year.
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Macy should prepay $3,500 each quarter ($14,000 total / 4 quarters = $3,500 per quarter) in order to meet her projected taxes by the end of the year.
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