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Grant Corporation expects the following results for 2016: Regular Tax 248,000 Alternative Minimum Tax 40,000 Total Tax Due 288,000 Grant's tax liability for the year

Grant Corporation expects the following results for 2016:

Regular Tax 248,000

Alternative Minimum Tax 40,000

Total Tax Due 288,000

Grant's tax liability for the year was $240,000.

What is the minimum total estimated tax payment for this year to avoid penalty? Does it depend on the size of the corporation. If so, how?

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