Question
For the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters. Quarter-End Cumulative Taxable Income
For the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters.
| Quarter-End | Cumulative Taxable Income |
|---|---|
| First | $ 1,850,000 |
| Second | 2,520,000 |
| Third | 3,600,000 |
What are LNSs minimum first, second, third, and fourth quarter estimated tax payments, using the annualized income method?
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Principles Of Auditing And Other Assurance Services
Authors: Ray Whittington, Kurt Pany
21st Edition
978-1259916984
