d) Bronco, Inc. is a calendar-year, C corporation that is also a large corporation for purposes of

calculating estimated taxes. During the current tax year, Bronco reports the following amounts of

taxable income at the end of its first, second, and third quarters. Show the steps in your calculation

of Broncos minimum first, second, third, and fourth quarter estimated tax payments

using the

annualized income method

. Identify the typical dates on which the estimated tax payments will be

due throughout the year. What exception might Bronco use to pay a smaller amount of estimated

tax for the 1Q, and why is the exception not available for the other quarters?

quarter-end	cumulative taxable income
first	$2,000,000
second	3,300,000
third	5,400,000