Which of the Following Is Not an Acceptable Method of Determining

question 41

Multiple Choice

Which of the following is not an acceptable method of determining the required annual payment of federal income tax for corporations?

• A)100 percent of the prior year's tax liability (with a few exceptions).
• B)100 percent of the current year's tax liability.
• C)100 percent of the estimated current-year tax liability using the annualized income method.
• D)All of the choices are acceptable methods of determining the required annual payment of federal income tax for corporations.

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Definitions:

Bridge

A structure built to span a physical obstacle, such as a body of water or road, to provide passage over it.

Immaculate Reception

A famous play in American football history during a 1972 playoff game, involving a last-second catch by Franco Harris of the Pittsburgh Steelers.

Franco Harris

A former professional American football player, best known as a Hall of Fame running back for the Pittsburgh Steelers.

Terry Bradshaw

A former American football quarterback who played professionally in the National Football League (NFL).