Which of the Following Statements Is False Regarding Corporate Estimated

question 90

Multiple Choice

Which of the following statements is False regarding corporate estimated tax payments?

• A) The due dates for estimated tax payments are the 15th day of the 4th, 6th, 9th, and 12th months of the corporation's tax year.
• B) Corporations must pay estimated taxes only if they have a federal income tax liability greater than $10,000 (including the alternative minimum tax).
• C) Even though a corporation extends its tax return, it still must pay its tax liability for the year by three and one-half months after year-end.
• D) Corporations using the annualized income method for determining estimated tax payments project their tax liability for the year based on income from the first, second, and third quarters.

---

Definitions:

Existence Of Contract

pertains to the reality or presence of an agreement between two or more parties that is recognized by law.

Lease Contracts

Legal agreements specifying the terms under which one party agrees to rent property owned by another party.

Agree To Terms

The act of formally consenting to the conditions presented in a contractual agreement.

Sales Contract

A contract for the sale of goods under which the ownership of goods is transferred from a seller to a buyer for a price.