A Canadian Public Corporation Had Federal Taxes Payable in 2009

question 42

Multiple Choice

A Canadian public corporation had federal taxes payable in 2009 and 2010 exceeding $3,000.One correct option it has with respect to its 2011 instalments is to pay:

• A)equal instalments, on a quarterly basis, based on its 2010 federal taxes payable.
• B)on a monthly basis, instalments equal to 1/12th of its estimated 2011 federal taxes payable.
• C)one lump-sum payment, within three months of its 2011 year end.
• D)on a monthly basis, instalments equal to 1/12th of its 2009 federal taxes payable.

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Definitions:

Drug Abuse

The misuse of drugs or substances in a way that is harmful to the individual or society.

Children

Young human beings who have not yet reached adulthood or the age of majority.

Marijuana

A psychoactive drug from the Cannabis plant intended for medical or recreational use.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, mainly used recreationally for its euphoric effects.