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Problem 05-58 (LO 05-3) (Static) Last year, BTA Corporation, a calendar-year taxpayer, reported a net operating loss of $10,000 and a $0 tax liability. BTA

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Problem 05-58 (LO 05-3) (Static) Last year, BTA Corporation, a calendar-year taxpayer, reported a net operating loss of $10,000 and a $0 tax liability. BTA confidently anticipates a current-year tax liability of $240,000 What minimum estimated tax payments should BTA make for the first second third, and fourth quarters, respectively ignore the annualized income method), assuming the following: a. BTA is not considered to be a large corporation for estimated tax purposes b. BTA is considered to be a large corporation for estimated tax purposes. Quarter 1 Quarter 2 Quarter 3 Quarter 4 Minimum tax payment a. Not a Large Corporation b. Large Corporation

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