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

question 15

Multiple Choice

Robin Corporation, a calendar year C corporation, had taxable income of $700,000, $1.2 million, and $1 million for 2016, 2017, and 2018, respectively. Robin has taxable income of $1.8 million for 2018. The minimum 2019 estimated tax installment payments for Robin are:

• A) April 15, 2019, $52,500? June 17, 2019, $52,500? September 16, 2019, $52,500? December 16, 2019, $52,500.
• B) April 15, 2019, $52,500? June 17, 2019, $94,500? September 16, 2019, $94,500? December 16, 2019, $94,500.
• C) April 15, 2019, $94,500? June 17, 2019, $94,500? September 16, 2019, $94,500? December 16, 2019, $94,500.
• D) April 15, 2019, $52,500? June 17, 2019, $136,500? September 16, 2019, $94,500? December 16, 2019, $94,500.
• E) None of the above.

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Definitions:

Proteins

Large biomolecules composed of one or more chains of amino acids, essential for the structure, function, and regulation of the body's tissues and organs.

Chyme

The semi-fluid mass of partly digested food that moves from the stomach to the small intestine for further digestion.

Gastric Fluid

Fluid secreted by the stomach lining; contains digestive enzymes, acid, and mucus.

Food

Nutritious substances consumed by organisms for growth, repair, and maintenance of vital functions.