Which of the Following Statements Is Correct Regarding the Taxation

question 79

Multiple Choice

Which of the following statements is correct regarding the taxation of C corporations?

• A)The alternative minimum tax does not apply.
• B)Large corporations are subject to special rules regarding estimated tax payments.
• C)The due date for a corporate income tax return (ignoring extensions) is the fifteenth day of the fourth month following the close of the corporation's tax year.
• D)In general, the required annual payment for corporate estimated taxes is 90% of the corporation's final tax for the current year.
• E)None of the above.