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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 Quarter-End Taxable Income
For the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters Cumulative Quarter-End Taxable Income First Second Third $1,e00,000 1,60e,00e 2,400,00e 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.) Annual Est. Estimated lax on Percentage of Tax Required Prior Required TaxableAnnualization Taxable Factor Installment Required to be Cumulative Cumulative Estimated Tax Income Taxable Income Income Paid Payment Payments Payment First quarter Second quarter Third quarter Fourth quarter $ 1,000,000 $1,000,000 $1,600,000 $ 2,400,0001.3333333 $ 3,200,000 4 S 4,000,000 4 S 4,000,000 2 S 3,200,000 25% | 501%! 75 % | 10019 0 0 $
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