Banana Inc. paid income taxes of $41,486 in 2018. (Taxable income of $138,286 *30% tax rate) The
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Question:
a. How much would the estimated tax liability be for each of the first three quarters? (how much would the quarterly payment be?)
Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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