Torquay Inc.'s 2017 taxable income was $9,782,200, and its tax liability was $3,325,948. Torquay's director of tax estimates that the corporation's 2018 taxable income will be $13,350,000. Compute Torquay's 2018 estimated tax payment due on April 15, 2018.
A) $3,337,500
B) $513,566
C) $831,487
D) $700,875
Correct Answer:
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