Question

Tourmaline Corporation, a calendar year C corporation, has taxable income of $1.3 million and $3 million for 2017 and 2018, respectively. The minimum 2018 estimated tax installment payments for Tourmaline are ___________.

Answer 1

The minimum 2018 estimated tax installment payments for Tourmaline are;

April 15, 2018, $68,250; June 15, 2018, $246,750; September 15, 2018, $157,500; December 15, 2018, $157,500.

Step-by-step explanation: