Pasquale is self employed based on last year his projected state and federal taxes for this year will be approximately $12,300 determine how much Pasquale should put aside each month in order to have enough to pay his estimated quarterly taxes
To determine how much Pasquale should put aside each month for his estimated quarterly taxes, we first need to calculate the total amount he needs to save per quarter.
Given that his projected state and federal taxes for the year are $12,300, and there are four quarters in a year, Pasquale needs to save $12,300 / 4 = $3,075 per quarter.
Therefore, Pasquale should put aside $3,075 / 3 = $1,025 each month in order to have enough to pay his estimated quarterly taxes.