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In 2019, NB Inc.'s federal taxable income was $262,000. Compute the required installment payments of 2020 tax in each of the following cases: Required: a.
In 2019, NB Inc.'s federal taxable income was $262,000. Compute the required installment payments of 2020 tax in each of the following cases: Required: a. NB's 2020 taxable income is $595,000. b. NB's 2020 taxable income is $641,000. C. NB's 2020 taxable income is $1,226,000. X Answer is complete but not entirely correct. Amount a. $ b. Total installment payments Total installment payments Total installment payments $ 124,950 X 134,610 X 257,460 C. $ In 2019, NB Inc.'s federal taxable income was $262,000. Compute the required installment payments of 2020 tax in each of the following cases: Required: a. NB's 2020 taxable income is $595,000. b. NB's 2020 taxable income is $641,000. C. NB's 2020 taxable income is $1,226,000. X Answer is complete but not entirely correct. Amount a. $ b. Total installment payments Total installment payments Total installment payments $ 124,950 X 134,610 X 257,460 C. $
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