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Purnsley Company paid estimated tax payments of $40,000 in 2020. On April 11, 2021, it filed its 2020 tax return showing a $150,000 tax liability.

Purnsley Company paid estimated tax payments of $40,000 in 2020. On April 11, 2021, it filed its 2020 tax return showing a $150,000 tax liability. Thus, Purnsley Company paid the $110,000 balance at t...

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