Jerome,a self-employed attorney,is scrambling around to refigure his estimated 2017 income tax liability,because he needs to mail his third quarter estimated tax payment tomorrow (September 15,2017).What concept,construct,or doctrine is causing Jerome to scramble?

Question

Quizplus · Accepted Answer

The Pay-As-You-Go Concept requires taxpayers to make estimated tax payments throughout the year, rather than waiting until the end of the year to pay their tax liability. Jerome's need to refigure his estimated tax liability and make a third quarter estimated tax payment is due to this concept.

Jerome,a Self-Employed Attorney,is Scrambling Around to Refigure His Estimated 2017