TTT Corporation has a fiscal year-end that ends on March 30.It is required to make quarterly estimated payments.The first estimated payment will be due on the 15^thof:

Question

Quizplus · Accepted Answer

Since TTT Corporation's fiscal year-end ends on March 30, the next fiscal year will start on March 31. If we assume that the fiscal year is 2019, then the first quarter of the fiscal year will be from March 31, 2019, to June 30, 2019. The second quarter will be from July 1, 2019, to September 30, 2019, and so on.

Based on the above information, the first estimated payment would be due on the 15th day of the 7th month of the fiscal year, which is July 15th. Therefore, the best choice is C) July.

TTT Corporation Has a Fiscal Year-End That Ends on March