Question
Robin Corporation, a calendar year C corporation, had taxable income of $700,000, $1.2 million, and $1 million for 2017, 2018, and 2019, respectively. Robin has
Robin Corporation, a calendar year C corporation, had taxable income of $700,000, $1.2 million, and $1 million for 2017, 2018, and 2019, respectively. Robin has taxable income of $1.8 million for 2019. The minimum 2020 estimated tax installment payments for Robin are:
a. April 15, 2020, $52,500 June 15, 2020, $52,500 September 15, 2020, $52,500 December 15, 2020, $52,500.
b. April 15, 2020, $52,500 June 15, 2020, $94,500 September 15, 2020, $94,500 December 15, 2020, $94,500.
c. April 15, 2020, $94,500 June 15, 2020, $94,500 September 15, 2020, $94,500 December 15, 2020, $94,500.
d. April 15, 2020, $52,500 June 15, 2020, $136,500 September 15, 2020, $94,500 December 15, 2020, $94,500.
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
