Robin Corporation, a Calendar Year C Corporation, Had Taxable Income

question 95

Multiple Choice

Robin Corporation, a calendar year C corporation, had taxable income of $1.9 million, $1.2 million, and $900,000 for 2009, 2010, and 2011, respectively.Robin has taxable income of $1.5 million for 2012. The minimum 2012 estimated tax installment payments for Robin are:

• A)April 15, 2012, $76,500; June 15, 2012, $76,500; September 15, 2012, $76,500; December 15, 2012, $76,500.
• B)April 15, 2012, $110,500; June 15, 2012, $127,500; September 15, 2012, $127,500; December 15, 2012, $127,500.
• C)April 15, 2012, $127,500; June 15, 2012, $127,500; September 15, 2012, $127,500; December 15, 2012, $127,500.
• D)April 15, 2012, $76,500; June 15, 2012, $178,500; September 15, 2012, $127,500; December 15, 2012, $127,500.
• E)None of the above.

---

Definitions:

Trade Deficit

It occurs when a country's imports exceed its exports over a certain period, leading to more money leaving the country than entering it.

High Tariffs

Elevated taxes imposed on imported goods to protect domestic industries by making foreign products more expensive compared to local products.

Trade Deficit

A situation where a country's imports exceed its exports during a specific time period, indicating a negative balance of trade.

Trade Deficits

Trade Deficits occur when a country's imports of goods and services exceed its exports, indicating an outflow of domestic currency to foreign markets.