Which of the following is not an acceptable method of determining the required annual payment of federal income tax for corporations?
A)100 percent of the prior year's tax liability (with a few exceptions).
B)100 percent of the current year's tax liability.
C)100 percent of the estimated current-year tax liability using the annualized income method.
D)All of the choices are acceptable methods of determining the required annual payment of federal income tax for corporations.

Question

Quizplus · Accepted Answer

All the choices listed are acceptable methods for determining the required annual payment of federal income tax for corporations. These methods allow corporations to estimate their tax liability in a way that helps avoid underpayment penalties.

Which of the Following Is Not an Acceptable Method of Determining