Question: Problem 26-32 (LO. 6) Kold Services Corporation estimates that its 2019 taxable income will be $500,000. Thus, it is subject to a 21% income tax

 Problem 26-32 (LO. 6) Kold Services Corporation estimates that its 2019

Problem 26-32 (LO. 6) Kold Services Corporation estimates that its 2019 taxable income will be $500,000. Thus, it is subject to a 21% income tax rate and incurs a $105,000 liability. For each of the following independent cases, compute Kold's 2019 minimum quarterly estimated tax payments that will avoid an underpayment penalty Third-Quarter Fourth-Quarter First-Quarter Second-Quarter x Payment x Payment x Payment Tax Payment a. For 2018, taxable income was ($200,000). Thus, Kold generated a zero 2018 liability b. For 2018, taxable income was $450,000, and tax liability was $94,500. c. For 2017, taxable income was $2,000,000, and tax liability was $680,000. For 2018, taxable income was $400,000, and tax liability was $84,000

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