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Problem 2 The estimated pretax income of ABC Lmt. for each quarter of 2021 is as follows: Quarter Income Instructions: first $340.000 a. Calculate the
Problem 2 The estimated pretax income of ABC Lmt. for each quarter of 2021 is as follows: Quarter Income Instructions: first $340.000 a. Calculate the estimated total pretax income for 2021 second $79.000 b. Complete the table for estimated tax for 2021 based on the third $1.500.000 following progressive tax below and calculate income tax 2021 fourth $1.800.000 0-$50000 5% $50001-$150000 10% $150001-$250000 20% $250001-$500000 25% >$500000 30% Estimated total tax for 2021 c. Calculate estimated interim quarterly tax rate for 2012 d. Prepare the schedule to calculated the estimated interim tax for the following Quarter interim tax first second third fourth
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