1. If an individual taxpayer's quarterly estimated tax payments equal or exceed 70% of the tax due for the current year, the taxpayer will not be subject to the penalty for underpayment of estimated tax.

True

False

2. The original copy of all W-2 Forms and Form W-3 must be filed with the Social Security Administration by February 28 of the year following the calendar year in which the wages were paid, regardless of the tax year of the employer.

True

False

3. Individual quarterly estimated tax payments are filed with Form 1040-ES.

True

False