Torquay Incorporated's (a calendar-year taxpayer) 2021 taxable income was $15,837,850, and its tax liability was...
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Accounting
Torquay Incorporated's (a calendar-year taxpayer) 2021 taxable income was $15,837,850, and its tax liability was $3,325,948. Torquay's director of tax estimates that the corporation's 2022 taxable income will be $13,350,000. Compute Torquay's 2022 estimated tax payment due on April 15, 2022.
Multiple Choice
$3,337,500
$513,566
$700,875
$831,487
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