Which of the Following Statements Is False Regarding Corporate Estimated

question 83

Multiple Choice

Which of the following statements is false regarding corporate estimated tax payments?

• A)The due dates for estimated tax payments are the 15^th day of the 4^th, 6^th, 9^th, and 12^th months of the corporation's tax year.
• B)Corporations must pay estimated taxes only if they have a federal income tax liability greater than $1,000.
• C)Even though a corporation extends its tax return it still must pay its tax liability for the year by three and a half months after year-end.
• D)Corporations using the annualized income method for determining estimated tax payments project their tax liability for the year based on income from the first, second, and third quarters.

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Definitions:

Indonesia

A Southeast Asian country consisting of more than seventeen thousand islands, including Sumatra, Java, and parts of Borneo and New Guinea, known for its diverse cultures, languages, and landscapes.

Genus Homo

The biological genus that includes modern humans (Homo sapiens) and several other extinct human species, characterized by bipedalism, large brains, and tool use.

Habilis

Homo habilis, an early human species known for its use of stone tools, which lived approximately 2.1 to 1.5 million years ago.

Anthropoids

A subgroup of primates, including monkeys, apes, and humans, characterized by their higher brain-to-body size ratio and more advanced cognitive abilities compared to other primates.