What is estimated tax?

Estimated tax is a periodic advance pre-payment of taxes based on the amount of income that is earned and the amount of estimated tax liability that will have been incurred as a result.

If the demand increases more rapidly for software engineers than for office clerks, what would you expect to happen to the average pay for the two occupations? The pay for software engineers will go up relative to the pay for office clerks.

Explanation:

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