Questions: Macy is self-employed. Based on last year, her projected state and federal taxes for this year will be approximately 4300. Determine how much Macy should prepay each quarter in order to meet her projected taxes by the end of the year.

Solution Steps

To determine how much Macy should prepay each quarter, we need to divide her total projected taxes for the year by the number of quarters in a year. Since there are four quarters in a year, we will divide the total tax amount by 4.

Macy's total projected taxes for the year are given as \( \$4300 \).

To find out how much Macy should prepay each quarter, we divide the total projected taxes by the number of quarters in a year:

\[ \text{Quarterly Prepayment} = \frac{\text{Total Projected Taxes}}{\text{Number of Quarters}} = \frac{4300}{4} = 1075.0 \]

Final Answer