For Purposes of the Estimated Tax Payment Rules,a "Large Corporation

question 110

True/False

For purposes of the estimated tax payment rules,a "large corporation" is defined as a corporation that had an average taxable income of $1 million or more in any of the three preceding years.

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Definitions:

Res Ipsa Loquitur

A doctrine that allows the judge or jury to infer that, more likely than not, the defendant’s negligence was the cause of the plaintiff’s harm, even though there is no direct evidence of the defendant’s lack of due care.

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