Beginning with Its Tax Year, an Estate Must Remit Quarterly

question 8

Essay

Beginning with its tax year, an estate must remit quarterly Federal estimated income tax payments.

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Definitions:

Petty Cash

A small amount of cash on hand used for minor and incidental expenses within a business.

Supporting Documents

Supporting documents are the paper or digital records that provide evidence for transactions recorded in accounting books.

Voucher System

An internal control system designed to control a company’s cash payments.

Stock Certificate

Formal document issued to investors in a corporation that shows the number of shares purchased.