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  1. business
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  3. last year, jl corporation's tax liability was $900

Last year, JL Corporation's tax liability was $900,000. For the current year, JL Corporation reported...

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Accounting

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Last year, JL Corporation's tax liability was $900,000. For the current year, JL Corporation reported the following taxable income at the end of its first, second, and third quarters Cumulative Taxable Quarter-End First Second Third Income $ 5e0,eee 1,25e,0ee 2,25e,eee What are JL's minimum required first, second, third, and fourth quarter estimated tax payments (ignore the actual current-year tax safe harbor)? (Enter all amounts as positive values. Leave no answer blank. Enter zero if applicable. Round "Annualization Factor" for Fourth quarter to 7 places. Round other intermediate computations and final answers to the nearest whole dollar amount.) Estimated Percentage of Tax Required Paid lax on Annual Est Prior Required Taxable Annualization Income Installment Taxable Income Factor Taxable Income Required to be Cumulative Cumulative Estimated Tax Payment Payments Payment First quarter Second quarter Third quarter Fourth quarter $ 500,000 S 500,000 $ 1,250,000 4 S 2,000,000 4 2,000,000 2 S 2,500,000 2,250,000 1.3333333 3,000,000 25| % | 501% 75%, 100| % | $ $ $

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