The Four Square Services Corporation estimates that its 2019 taxable income will be $1,000,000. Thus, it incurs a $210,000 liability. For the following independent cases, compute Four Square's minimum quarterly estimated tax payments that will avoid an underpayment penalty.
a. For 2018, taxable income was $800,000, and tax liability was $168,000.
b. For 2017, taxable income was $2 million, and tax liability was $680,000. For 2018, taxableincome was $100,000, and tax liability was $21,000.

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The Answer of The Four Square Services Corporation estimates that its 2019 taxable income will be $1,000,000. Thus, it incurs a $210,000 liability. For the following independent cases, compute Four Square's minimum quarterly estimated tax payments that will avoid an underpayment penalty.
a. For 2018, taxable income was $800,000, and tax liability was $168,000.
b. For 2017, taxable income was $2 million, and tax liability was $680,000. For 2018, taxableincome was $100,000, and tax liability was $21,000.

The Four Square Services Corporation Estimates That Its 2019 Taxable