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For the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters Cumulative Taxable Income Quarter-
For the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters Cumulative Taxable Income Quarter- End First Second Third $1,850,000 2,520,000 3,600,000 What are LNS's minimum first, second, third, and fourth quarter estimated tax payments determined using the annualized income method? (Enter all amounts as positive values. Leave no answer blank. Enter zero if applicable. Round "Annualization Factor" for Fourth quarter to 7 places. Round other intermediate computations and final answers to the nearest whole dollar amount.) Tax on estimated taxable income Required Annual Est. Taxable Income Percentage of Tax Required To Be Paid Required Prior Taxable Annualization Income Installment Cumulative Cumulative Estimated Tax Factor Payment Payments Payment First quarter Second quarter Third quarter Fourth quarter
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