Question
For the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters. (Use Corporate Tax Rate
For the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters. (Use Corporate Tax Rate Table.) Quarter-End Cumulative Taxable Income First $ 1,700,000 Second 2,636,000 Third 3,681,000 What are LNSs 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.)
Installment . Taxable. Annualization . Annual Est. Tax on Percentage of . Required . Prior Required
Factor . Taxable estimated Tax Required . Cumulative . Cumulative Estimated
Income Taxable . to be paid . payment . payment . tax income . payment
First quarter
Second quarter
Third quarter
Fourth quarter
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