Under the percentage of completion method,if the actual costs are the estimated costs,the taxpayer must pay interest on the underpayment of prior years' taxes.
A)greater than
B)less than
C)equal to or greater than
D)equal to
E)None of these

Question

Quizplus · Accepted Answer

Under the lookback method,the taxpayer is deemed to have underpaid prior years' taxes,and the taxpayer must pay interest on the underpayment.

Under the Percentage of Completion Method,if the Actual Costs Are