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Robin Corporation, a Calendar Year C Corporation, Had Taxable Income

Question 29

Multiple Choice

Robin Corporation, a calendar year C corporation, had taxable income of $700,000, $1.2 million, and $1 million for 2017, 2018, and 2019, respectively. Robin has taxable income of $1.8 million for 2019. The minimum 2020 estimated tax installment payments for Robin are:


A) April 15, 2020, $52,500; June 15, 2020, $52,500; September 15, 2020, $52,500; December 15, 2020, $52,500.
B) April 15, 2020, $52,500; June 15, 2020, $94,500; September 15, 2020, $94,500; December 15, 2020, $94,500.
C) April 15, 2020, $94,500; June 15, 2020, $94,500; September 15, 2020, $94,500; December 15, 2020, $94,500.
D) April 15, 2020, $52,500; June 15, 2020, $136,500; September 15, 2020, $94,500; December 15, 2020, $94,500.
E) None of these.

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