Homework Answers
| Current year tax payable | $ 228,000 | |
| Previous year tax payable | $ 132,000 | |
| Combination of previous year & year before previous year tax payable | $ 252,000 | =132000+120000 |
| Least of the following 3 amounts | $ 132,000 | |
| 1st installment ( Monthy ) | $ 11,000 | =132000/12 |
| Correct answer is option B . | ||
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