C Corporations with Tax Liabilities Are Required to Make Estimated

question 6

Multiple Choice

C corporations with tax liabilities are required to make estimated tax payments. In order to avoid penalties, the estimated tax payments must be

• A) paid monthly
• B) equal to 90% of the current year's tax liability, or 90% of the prior year's tax liability, whichever is less
• C) paid by April 15 of the year following the current tax year
• D) equal to 100% of the current tax liability, or 100% of the prior year's tax liability, whichever is less
• E) paid as and when funds become available

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