It is now March 2, 20X3, and Regan estimates that she will owe tax of $4,000 when she files her 20X3 personal tax return. She owed tax of $5,000 when she filed her 20X2 tax return and $2,000 when she filed her 20X1 tax return.

What is the minimum payment for her March 20X3 instalment?

This is for QUEBEC TAX (Canada)

a)

$0

b)

$500

c)

$1,000

d)

$1,250