Question

Corporate estimated tax payments are due on the 15th of which of the following months of the tax year?

(Check all that apply.)
9th
5th
12th
8th
6th
10th
3rd
7th
4th

Answer 1

Corporate estimated tax payments are due on the 15th day of the 4th, 6th, 9th, and 12th months of the corporation's fiscal year, aligning with federal government's method of tax collection.

Step-by-step explanation:

Corporate estimated tax payments are typically due on the 15th day of the fourth, sixth, ninth, and twelfth months of the corporation's fiscal year. Hence, the correct months from the options provided are the 4th, 6th, 9th, and 12th months.

These payments are part of the pay-as-you-go method used by the federal government to collect taxes to ensure there is a steady stream of revenue throughout the year. Corporations are required to estimate their taxable income for the year and make payments accordingly to avoid penalties when they file their annual corporate income tax return.