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

Question 64

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Almond Corporation, a calendar year C corporation, had taxable income of $900,000, $1.1 million, and $790,000 for 2008, 2009, and 2010, respectively. Almond's taxable income is $1.5 million for 2011. Compute the minimum estimated tax payments for 2011 for Almond Corporation.

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