Arianna is self-employed. Based on last year, her projected state and federal taxes for this year will be approximately $12,400. Determine how much Arianna should prepay each quarter in order to meet her projected taxes by the end of the year.

Answer 1

In order to determine how much Arianna should prepay each quarter, we need to divide her projected taxes of $12,400 by 4 (quarters in a year).

$12,400 / 4 = $3,100

Therefore, Arianna should prepay approximately $3,100 each quarter in order to meet her projected taxes by the end of the year.