For Estimated Tax Purposes, a "Large" Corporation Is Any Corporation

question 72

True/False

For estimated tax purposes, a "large" corporation is any corporation with average annual gross receipts of $5,000,000 in the three years prior to the current year.
For estimated tax purposes, a "large" corporation is a corporation with more than $1,000,000 of taxable income in any of the three years prior to the current year.

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Definitions:

Control Panel

A part of the operating system that provides users with the ability to change system preferences and oversee the operation of hardware and software capabilities.

Icons

Small graphical symbols or images that represent programs, files, functions, or commands within a computer interface.

Dialog Box

A small window that prompts the user to enter information or select options when interacting with software applications.

Standard User

A type of computer account with permissions to use most software and system functions but restricted from making significant changes that affect system security or other users.