A taxpayer with 2023 AGI of $157,000 has no income tax withholding and is required to pay estimated taxes. The taxpayer can avoid an underpayment penalty by paying: Multiple Choice 100% of the 2023 tax liability ratably over four quarterly payments. at least 110% of the 2023 tax liability ratably over four quarterly payments. at least 90% of the 2022 tax liability ratably over four quarterly payments. at least 90% of the 2023 tax liability ratably over four quarterly payments.