Which of the following is not an acceptable method of determining the required annual payment of federal income tax for corporations?
A) 100 percent of the prior year's tax liability (with a few exceptions)
B) 100 percent of the current year's tax liability
C) 100 percent of the estimated current year tax liability using the annualized income method
D)All of these are acceptable methods of determining the required annual payment of federal income tax for corporations

Question

Quizplus · Accepted Answer

All the listed methods are acceptable for determining the required annual payment of federal income tax for corporations, including using the prior year's tax liability, the current year's tax liability, or the estimated current year tax liability using the annualized income method.

Which of the Following Is Not an Acceptable Method of Determining