Question
Required information [The following information applies to the questions displayed below.] Last year, TBA Corporation, a calendar-year taxpayer, reported a tax liability of $100,000. TBA
Required information
[The following information applies to the questions displayed below.] Last year, TBA Corporation, a calendar-year taxpayer, reported a tax liability of $100,000. TBA confidently anticipates a current-year tax liability of $240,000. What minimum estimated tax payments should TBA make for the first, second, third, and fourth quarters, respectively (ignore the annualized income method), assuming the following: (Leave no answer blank. Enter zero if applicable. Input all your answers as positive numbers.)
b. TBA is considered to be a large corporation for estimated tax purposes.
Estimated Percentage of Required Installment Prior Cumulative Payments Required Estimated Tax Payment Liability To Be Paid Payment First quarter Second quarter % $ 0 Third quarter Fourth quarter 0
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