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  3. to avoid the penalty for underpayment of taxes, at

To avoid the penalty for underpayment of taxes, at a minimum, small corporations must make...

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Question

Accounting

To avoid the penalty for underpayment of taxes, at a minimum, small corporations must make total tax payments during the year equal to:

A.

90% of the tax liability on their tax returns for the current year.
B.

100% of the tax liability on their tax returns for the current year.
C.

100% of the tax liability on their tax returns for the preceding year.
D.

the lesser of b. or c.

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