The Alto- Baxter Affiliated Group Filed a Consolidated Return for the First

question 64

Multiple Choice

The Alto- Baxter affiliated group filed a consolidated return for the first time last year. The group does not come under the "large" corporation rules. For last year, the group reports a tax liability of $60,000. Cooper Corporation has a $30,000 tax liability last year. This year, the Alto- Baxter affiliated group purchased all of the Cooper stock. This year, the Alto- Baxter- Cooper group reports a $110,000 consolidated tax liability. To avoid penalties for the current year, the group must make timely estimated tax payments of how much during the year?

• A) $60,000
• B) $110,000
• C) $90,000
• D) No estimated tax payments are required.

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Definitions:

TOF Timer

A type of PLC timer that measures the "Time-Off-Fall" or the time it takes for a signal to turn from on to off.

Retentive

Memory or functions in a control system that retain their value or state even after the system is powered down or rebooted.

Nonretentive

In PLC programming, a term referring to memory or data that is not retained after power loss.

Retentive Timer Reset

A function in PLC programming that allows a timer to retain its accumulated value even after a reset condition has been removed or power to the PLC has been cycled.