For the three taxation years ending December $31,2023,$ the taxpayer's combined federal and provincial$/$territorial income tax payable was as shown in the accompanying table.

ciew the combined taxes bavable

View the cases.

Read the requirements.

Requirement $1.$ Indicate whether instalments are required during $2023.$ Provide a brief explanation of your conclusion. This explanation should be provided even if the amount of the requ instalments is nil.

Indicate whether instalments are required during $2023$ in Case One.

A$.$ Instalments are required because the net tax owing exceeds $$3,000$ in the current year as well as both of the previous two years.

B$.$ Instalments are required because the net tax owing exceeds $$3,000$ in the current year and one of the two preceding years.

C$.$ Instalments are not required because the net tax owing exceeds $$3,000$ in the current year but only one of the two preceding years.

D$.$ Instalments are not required because the net tax owing does not exceed $$10,000$ in the current year.

Indicate whether instalments are required during $2023$ in Case Two.

A$.$ Instalments are required because the net tax owing exceeds $$10,000$ in the current year.

B$.$ Instalments are not required because the net tax owing does not exceed $$10,000$ in the current year.

C$.$ Instalments are required because the net tax owing exceeds $$3,000$ in the current year and one of the two preceding years.

D$.$ Instalments are required because the net tax owing exceeds $$3,000$ in the current year as well as both of the previous two years.

Indicate whether instalments are required during $2023$ in Case Three.

A$.$ Instalments are not required because the tax payable exceeds $$3,000$ in the current year but only one of the two preceding years.

B$.$ Instalments are required because the tax payable exceeds $$3,000$ in the current year as well as the preceding year.

C$.$ Instalments are not required because the tax payable does not exceed $$10,000$ in the current year.