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In 2020, NB Incorporated's federal taxable income was $284,000. Compute the required installment payments of 2021 tax in each of the following cases: Required: a.
In 2020, NB Incorporated's federal taxable income was $284,000. Compute the required installment payments of 2021 tax in each of the following cases: Required: a. NB's 2021 taxable income is $489,000. b. NB's 2021 taxable income is $611,000. c. NB's 2021 taxable income is $1,361,000. Amount $ a. Total installment payments b. Total installment payments c. Total installment payments $ 166,260 207,740 462,740 In 2020, NB Incorporated's federal taxable income was $284,000. Compute the required installment payments of 2021 tax in each of the following cases: Required: a. NB's 2021 taxable income is $489,000. b. NB's 2021 taxable income is $611,000. c. NB's 2021 taxable income is $1,361,000. Amount $ a. Total installment payments b. Total installment payments c. Total installment payments $ 166,260 207,740 462,740
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