Question 14 3.03 points Grant Corporation is not a large corporation for estimated tax purposes and reports on a calendar-year basis. Grant expects the following results: Regular tax $248,000 Alternative minimum tax 40.000 Total tax due $288,000 Grant's tax liability for last year was $240,000. Grant's minimum total estimated tax payment for this year to avoid a penalty is $288,000 $240,000 $280,000 $248,000. Corporations may carry charitable contributions in excess of the income limitation forward for five years. True False Identify which of the following statements is false. A sole proprietorship is a separate taxable entity. A solely owned corporation is a sole proprietorship. A sole proprietor is considered to be an employee of the business. All of the above are false