Harmon, Inc

question 77

Multiple Choice

Harmon, Inc. was incorporated and began business on January 1, 2011. Its tax liability for 2011 was $36,000. Its tax liability for 2012 was $50,000. Which of the following is a correct statement concerning the payment of estimated taxes for 2012?

• A) Harmon must pay $12,500 on the15^th day of April, June, September, and December.
• B) Harmon must pay $9,000 on the 15^th day of April, June, September and December. The $14,000 balance is payable by March 15, 2013.
• C) Harmon may pay the $50,000 tax no later than March 15, 2013.
• D) None of the above statements is correct.

---

Definitions:

Labor Unions

Organizations formed by workers in various industries to protect and advance their rights, wages, benefits, and working conditions through collective bargaining.

Members

Individuals or entities that are part of a group, organization, or system with certain rights, responsibilities, or roles.

Public Sector

The portion of an economy that is controlled by the government, including various government services and enterprises.

Unionized

Pertains to workers who are members of a union, which negotiates collective bargaining agreements.