Which of the Following Statements Is False Regarding Corporate Estimated

question 63

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 $1,000 (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 two 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:

Electrocardiogram

A test or record of the electrical activity of the heart over a period of time.

Electroencephalogram

A test that measures electrical activity in the brain using small, flat metal discs attached to the scalp.

Electromyogram

An electromyogram (EMG) is a diagnostic test that measures the electrical activity generated by muscles in order to assess their health and function.

Pacemaker Cells

Specialized heart cells that control the heart's rate by generating and conducting electrical signals.