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filing requirement question Cosplay Costumes Corporation (CCC) is an October 31 year-end taxpayer. CCC's prior year tax liability was $42,000. The current year tax liability
filing requirement question
Cosplay Costumes Corporation (CCC) is an October 31 year-end taxpayer. CCC's prior year tax liability was $42,000. The current year tax liability is $44,000. CCC prepared estimated paymehts using the annualized income method of $43,000 (four equal payments of $10,750 ). Using this information, answer the following questions on the required payments necessary to avoid penalties associated with underpayment of estimated taxes. a. What are the month and day due dates of CCC's four estimated tax payments? February 15, April 15, July 15, and October 15 b. If CCC is not considered a large corporation, what is the smallest amount of tax that could have been paid for the year? x Feedoack Check My Work C. If CCC is a large corporation, what is the smallest amount of tax that could have been paid for the vear? Feedtack Cheok My Work d. If CCC is a large corporation, what is the smallest amount of tax that could have been pald only for the first auarter Step by Step Solution
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