Which of the Following Is Not True for Purposes of the Corporate

question 34

Multiple Choice

Which of the following is not true for purposes of the corporate estimated tax payments?

• A)A "large" corporation is one with taxable income of $1 million or more in any of the three preceding taxable years.
• B)All timely paid estimated tax installments for a "large" corporation will avoid a penalty if they are for 25 percent of the tax shown on the prior year's return if it was for a period of 12 months and showed a tax liability.
• C)Both "small" and "large" corporations can use the annualized income exception.
• D)None; all are true.

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Definitions:

Ease Of Learning

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SAS Proficiency

The skill level achieved in using the Statistical Analysis System (SAS) software for analyzing and interpreting data.

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Having a moderate level of skill or knowledge in a particular area.

Value Of L

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