x(Y)/(_())

expensea all or Its organzatona expenatures tor Dook purposes.

x(Y)/(_())

expensea tne maxmum amount organizational expenditures allowed for tax purposes.\ Check my wo\ The other expenses do not contain any items with book-tax differences.\ This is an estimated tax provision (federal tax expense) for the year. Assume that

xYZ

is not subject to state income taxes.\ Estimated tax information:\ XYZ made four equal estimated tax payments totaling

$360,000

(

$90,000

per quarter). For purposes of estimated tax liabilities, assume XYZ was in existerce in 2021 and that in 2021 it reported a tax liability of

$500,000

. During 2022, XYZ determined its taxable income at the end of each of the four quarters as follows:\ \\\\table[[Quarter-end,\\\\table[[Cumulative taxable],[income (loss)]]],[First,

$400,000

71. XY