Which of the Following Statements Is Correct Regarding a Corporation's

Multiple Choice

Which of the following statements is correct regarding a corporation's obligation to make quarterly estimated tax payments?

A) The total required estimated payments are generally the lesser of 100% of the corporation's tax liability for the current year or 100% of the tax shown on the preceding year's return.
B) The total required estimated payments are generally the lesser of 90% of the corporation's tax liability for the current year or 100% of the tax shown on the preceding year's return.
C) The total required estimated payments are generally the lesser of 100% of the corporation's tax liability for the current year or 110% of the tax shown on the preceding year's return.
D) The total required estimated payments are generally the lesser of 90% of the corporation's tax liability for the current year or 110% of the tax shown on the preceding year's return.