Omnidata Uses the Annualized Income Method to Determine Its Quarterly

question 53

Multiple Choice

Omnidata uses the annualized income method to determine its quarterly federal income tax payments.It had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters) .What is Omnidata's annual estimated taxable income for the tax year as of the end of the third quarter?

• A)$300,000.
• B)$320,000.
• C)$400,000.
• D)$480,000.

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Definitions:

Dependent Personality Disorder

A mental health condition characterized by a pervasive and excessive need to be taken care of, leading to submissive and clinging behavior and fears of separation.

Guidance Counselor

A professional who provides advice and support to students regarding educational and career options, as well as personal and social issues.

Academic Major

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