the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters. Quarter-End First Second Third Installment Cumulative at are LNS's minimum first-, second-, third-, and fourth-quarter estimated tax payments, using the annualized income method? e: Enter all amounts as positive values. Leave no answer blank. Enter zero if applicable. Round "Annualization Factor" for rth quarter to 7 places. Round other intermediate computations and final answers to the nearest whole dollar amount. irst quarter Fecond quarter hird quarter ourth quarter Taxable Income $ 1,000,000 1,600,000 2,400,000 Taxable Income Annualization Factor Annual Estimated Taxable Income $ $ $ $ 0 0 0 or Tax on Estimated Taxable Income Percentage of Tax Required to be Paid % % % % Required Cumulative Payment S S S $ 0 0 0 0 Prior Cumulative Payments Required Estimated Ta Payment
the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters. Quarter-End First Second Third Installment Cumulative at are LNS's minimum first-, second-, third-, and fourth-quarter estimated tax payments, using the annualized income method? e: Enter all amounts as positive values. Leave no answer blank. Enter zero if applicable. Round "Annualization Factor" for rth quarter to 7 places. Round other intermediate computations and final answers to the nearest whole dollar amount. irst quarter Fecond quarter hird quarter ourth quarter Taxable Income $ 1,000,000 1,600,000 2,400,000 Taxable Income Annualization Factor Annual Estimated Taxable Income $ $ $ $ 0 0 0 or Tax on Estimated Taxable Income Percentage of Tax Required to be Paid % % % % Required Cumulative Payment S S S $ 0 0 0 0 Prior Cumulative Payments Required Estimated Ta Payment
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter3: Taxes On The Financial Statements
Section: Chapter Questions
Problem 4BCRQ
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