Which of the following statements concerning estimated tax payments and underpayment penalties for individuals is true?
A. Due dates for estimated tax payments for a given year are April 15, June 15, September 15 of that year, and January 15 of the next year, unless these dates fall on a weekend or a holiday.
B. Whether taxpayers are subject to underpayment penalties is determined on a quarterly basis.
C. The amount of penalty depends on the amount of the underpayment among other factors.
D. All of these statements are true.
Answer: D
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