Which of the following statements is true about estimated tax payments?
a. The annualized income method uses four quarters of estimated income to determine
required estimated payments.
b. A large corporation (for purposes of estimated payments) is permitted to use the
prior year tax liability only when determining the first quarter estimated payment.
c. Estimated payments of corporate federal income tax are due on the fifteenth of the
third, sixth, ninth, and twelfth month of the tax year.
d. Corporations with an expected tax liability of less than $1,000 are not required to
make estimated payments.