The Alto-Baxter Affiliated Group Filed a Consolidated Return for the First

question 74

Multiple Choice

The Alto-Baxter affiliated group filed a consolidated return for the first time last year.The group does not come under the "large" corporation rules.For last year,the group reports a tax liability of $60,000.Cooper Corporation has a $30,000 tax liability last year.This year,the Alto-Baxter affiliated group purchased all of the Cooper stock.This year,the Alto-Baxter-Cooper group reports an $110,000 consolidated tax liability.To avoid penalties for the current year,the group must make timely estimated tax payments of how much during the year?

• A)$60,000
• B)$90,000
• C)$110,000
• D)No estimated tax payments are required.

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Definitions:

Reality-based Thinking

A cognitive approach that emphasizes understanding and reacting to the actual circumstances and facts of a situation rather than perceptions or beliefs.

Angry Outbursts

Sudden expressions of intense anger or frustration, which can be verbal or physical.

Aversive Conditioning

A behavioral conditioning technique that uses negative stimuli to reduce or eliminate undesirable behaviors.

Swearing Loudly

The act of vocally uttering profane or obscene words with high volume, which can be a manifestation of stress or emotional distress.