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Almond Corporation, a Calendar Year C Corporation, Had Taxable Income

question 90

Essay

Almond Corporation, a calendar year C corporation, had taxable income of $900,000, $1.1 million, and $1.2 million for 2017, 2018, and 2019, respectively. Almond's taxable income is $2 million for 2020. Compute the minimum estimated tax payments for 2020 for Almond Corporation.


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Era

A long and distinct period of history with a particular feature or characteristic.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, revolutionizing technology, economy, and society.

England

A country that is part of the United Kingdom, known for its rich history, cultural heritage, and as the birthplace of the English language.

United States

A country in North America consisting of 50 states and a federal district, known for its diverse culture and significant global influence.

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