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Kold Services Corporation estimates that its 2019 taxable income will be $500,000. Thus, it is subject to a 21% income tax rate and incurs a

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Kold Services Corporation estimates that its 2019 taxable income will be $500,000. Thus, it is subject to a 21% income tax rate and incurs a $105,000 liability. For each of the following independent cases, compute Kold's 2019 minimum quarterly estimated tax payments that will avoid an underpayment penalty. First-Quarter Second-Quarter Third-Quarter Fourth-Quarter Tax Payment Tax Payment Tax Payment Tax Payment a. For 2018, taxable income was ($200,000). Kold carried back all of this loss to prior years and exhausted the entire net operating loss in creating a zero 2018 liability. b. For 2018, taxable income vas $450,000, and tax liability was $94,500. c. For 2017, taxable income was $2,000,000, and tax liability was $680,000. For 2018, taxable income was $400,000, and tax liability was $84,000 Kold Services Corporation estimates that its 2019 taxable income will be $500,000. Thus, it is subject to a 21% income tax rate and incurs a $105,000 liability. For each of the following independent cases, compute Kold's 2019 minimum quarterly estimated tax payments that will avoid an underpayment penalty. First-Quarter Second-Quarter Third-Quarter Fourth-Quarter Tax Payment Tax Payment Tax Payment Tax Payment a. For 2018, taxable income was ($200,000). Kold carried back all of this loss to prior years and exhausted the entire net operating loss in creating a zero 2018 liability. b. For 2018, taxable income vas $450,000, and tax liability was $94,500. c. For 2017, taxable income was $2,000,000, and tax liability was $680,000. For 2018, taxable income was $400,000, and tax liability was $84,000

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