A calendar$-$year corporation incurs $$75,000$ of organizational costs. If the corporation be business on April $1,2022,$ what is the maximum amount of the $$75,000$ of organizatic costs that it can deduct against business income in $2022?$

a$.$ $$3,750.$

b$.$ $$5,000.$

c$.$ $$8,500.$

d$.$ $$11,250$

e$.$ $$15,500.$

For a corporation with taxable income of $$20$ million, all of its taxable income will be at a flat rate of:

a$.28\%.$

b$.34\%.$

c$.21\%.$

d$.38\%.$

e$.$ none of the above.

A corporation must make estimated tax payments when it expects its estimated in minus credits equal or exceed:

a$.$ $$250.$

b$.$ $$500.$

c$.$ $$750.$

d$.$ $$1,000.$

e$.$ none of the above.

A calendar$-$year corporation incurs $$54,000$ of start$-$up costs. If the corpor business on August $1,2021,$ what is the maximum amount of the $$54,000$ of $s$ that it can deduct against business income in $2021?$

a$.$ $$1,500.$

b$.$ $$5,389.$

c$.$ $$5,000.$

d$.$ $$6,361.$

e$.$ $$2,472.$

To avoid the penalty for underpayment of taxes, at a minimum, large corpora total tax payments during the year equal to:

a$.90\%$ of the tax liability on their tax returns for the current year.

b$.100\%$ of the tax liability on their tax returns for the current year.

c$.100\%$ of the tax liability on their tax returns for the preceding year.

d$.$ the lesser of a$.$ or c$.$

e$.$ the lesser of $b.$ or $c.$