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In 2019, NB Inc.'s federal taxable income was $266,000. 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 $266,000. Compute the required installment payments of 2020 tax in each of the following cases: Required: a. NB's 2020 taxable income is $384,000. b. NB's 2020 taxable income is $828,000. c. NB's 2020 taxable income is $1,314,000. a. Total installment payments Total installment payments Total installment payments Amount $ 20,160 $ 66,500 $ 68,985 b. C. In 2019, NB Inc.'s federal taxable income was $266,000. Compute the required installment payments of 2020 tax in each of the following cases: Required: a. NB's 2020 taxable income is $384,000. b. NB's 2020 taxable income is $828,000. c. NB's 2020 taxable income is $1,314,000. a. Total installment payments Total installment payments Total installment payments Amount $ 20,160 $ 66,500 $ 68,985 b. C
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