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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. Quarter-EndCumulative Taxable IncomeFirst$ 1,690,000Second2,540,000Third3,540,000
For the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters.
Quarter-EndCumulative Taxable IncomeFirst$ 1,690,000Second2,540,000Third3,540,000What are LNS's minimum first-, second-, third-, and fourth-quarter estimated tax payments, using the annualized income method?
Note: 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.
InstallmentTaxable IncomeAnnualization FactorAnnual Estimated Taxable IncomeTax on Estimated Taxable IncomePercentage on Tax Required To be PaidRequired Cumulative PaymentPrior Cumulative PaymentRequired Estimated Tax PaymentFirst Quarter Second Quarter Third Quarter Fourth Quarter
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