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Grant Corporation Is Not a Large Corporation for Estimated Tax

Question 92

Multiple Choice

Grant Corporation is not a large corporation for estimated tax purposes and reports on a calendar-year basis. Grant expects the following results: Grant Corporation is not a large corporation for estimated tax purposes and reports on a calendar-year basis. Grant expects the following results:   Grant's tax liability for last year was $240,000. Grant's minimum total estimated tax payment for this year to avoid a penalty is A)  $240,000. B)  $248,000. C)  $288,000. D)  $280,000. Grant's tax liability for last year was $240,000. Grant's minimum total estimated tax payment for this year to avoid a penalty is


A) $240,000.
B) $248,000.
C) $288,000.
D) $280,000.

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