Which of the Following Statements Is False Regarding Corporate Estimated

question 120

Multiple Choice

Which of the following statements is false regarding corporate estimated tax payments?

• A) The due dates for estimated tax payments are the 15^th day of the 4^th, 6^th, 9^th, and 12^th months of the corporation's tax year.
• B) Corporations must pay estimated taxes only if they have a federal income tax liability greater than $10,000 (including the alternative minimum tax).
• C) Even though a corporation extends its tax return, it still must pay its tax liability for the year by three and one-half months after year-end.
• D) Corporations using the annualized income method for determining estimated tax payments project their tax liability for the year based on income from the first, second, and third quarters.

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Definitions:

Reverse Discrimination

Discrimination against members of a dominant or majority group, often as a result of policies intended to correct discrimination against minority or disadvantaged groups.

EEO

Equal Employment Opportunity, a principle that ensures fair treatment to all employees and job applicants irrespective of race, color, religion, sex, national origin, age, disability, or genetic information.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places open to the general public.

EEOC

Equal Employment Opportunity Commission, a federal agency responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or an employee because of the person's race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age (40 or older), disability or genetic information.