Which of the following statements is correct regarding a corporation's obligation to make quarterly estimated tax payments?
A)The total required estimated payments are generally the lesser of 100% of the corporation's tax liability for the current year or 100% of the tax shown on the preceding year's return.
B)The total required estimated payments are generally the lesser of 90% of the corporation's tax liability for the current year or 100% of the tax shown on the preceding year's return.
C)The total required estimated payments are generally the lesser of 100% of the corporation's tax liability for the current year or 110% of the tax shown on the preceding year's return.
D)The total required estimated payments are generally the lesser of 90% of the corporation's tax liability for the current year or 110% of the tax shown on the preceding year's return.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct regarding a corporation's obligation to make quarterly estimated tax payments?
A)The total required estimated payments are generally the lesser of 100% of the corporation's tax liability for the current year or 100% of the tax shown on the preceding year's return.
B)The total required estimated payments are generally the lesser of 90% of the corporation's tax liability for the current year or 100% of the tax shown on the preceding year's return.
C)The total required estimated payments are generally the lesser of 100% of the corporation's tax liability for the current year or 110% of the tax shown on the preceding year's return.
D)The total required estimated payments are generally the lesser of 90% of the corporation's tax liability for the current year or 110% of the tax shown on the preceding year's return.

Which of the Following Statements Is Correct Regarding a Corporation's