What to send in each quarter.
A worked example
Starting figures
- Expected yearly income
- $120,000
- Expected effective rate
- 24%
- Already paid
- $12,000
What it returns
- Per quarter
- $4,200
- Yearly liability
- $28,800
- Remaining to pay
- $16,800
- Set aside monthly
- $1,400
How to read the results
With the defaults above, per quarter works out at $4,200.