Which of the Following Statements Is False Regarding Corporate Estimated

question 120

Multiple Choice

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

• A) Even though a corporation extends its tax return, it still must pay its tax liability for the year by three and one-half months after year-end.
• B) 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.
• C) Corporations must pay estimated taxes only if they have a federal income tax liability greater than $10,000 (including the alternative minimum tax).
• D) The due dates for estimated tax payments are the 15th day of the 4th, 6th, 9th, and 12th months of the corporation's tax year.

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Definitions:

Drugs

Substances that cause physiological or psychological effects when ingested or otherwise introduced into the body.

St. John's Wort

A herbal plant traditionally used for the treatment of depression and anxiety, known for its yellow flowers.

Reuptake

The process by which neurotransmitters are absorbed back into the nerve terminal after they have been released into the synaptic cleft.

Dopamine

A neurotransmitter associated with the brain's reward and pleasure systems, as well as motor function and motivation.