Which of the Following Statements Is False Regarding Corporate Estimated

question 23

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 two 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:

Financial Information

Data related to the financial performance and financial position of a company, including income statements, balance sheets, and cash flow statements.

Net Profit Margin

The net profit margin is a financial ratio that shows the percentage of profit a company generates from its total revenue.

Average Total Assets

A measure used to calculate the mean value of a company's assets over a specific period, helpful in assessing the company’s asset utilization efficiency.

Return on Assets

An indicator of how profitable a company is relative to its total assets, measuring the efficiency in using assets to generate earnings.