Which of the Following Statements Is Correct Regarding a Corporation's

question 20

Multiple Choice

Which of the following statements is correct regarding a corporation's obligation to make quarterly estimated tax payments?

• A)The total required estimated payments are generally the lesser of 100% of the corporation's tax liability for the current year or 100% of the tax shown on the preceding year's return.
• B)The total required estimated payments are generally the lesser of 90% of the corporation's tax liability for the current year or 100% of the tax shown on the preceding year's return.
• C)The total required estimated payments are generally the lesser of 100% of the corporation's tax liability for the current year or 110% of the tax shown on the preceding year's return.
• D)The total required estimated payments are generally the lesser of 90% of the corporation's tax liability for the current year or 110% of the tax shown on the preceding year's return.

---

Definitions:

Largest Biome

The taiga or boreal forest, characterized by coniferous forests, covering vast areas of northern North America and Eurasia.

Brightly Lit

Illuminated with a high degree of brightness, typically referring to spaces or objects under strong light.

Epipelagic

The upper layer of the ocean where there is enough sunlight for photosynthesis, typically down to about 200 meters.

Supports Life

Refers to conditions or environments that sustain and promote the growth and sustenance of living organisms.