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Compute the required installment payments

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Reference no: EM132911516

Problem 1: In 2019, NB Inc.'s federal taxable income was $260,000. Compute the required installment payments of 2020 tax in each of the following cases:

  1. NB's 2020 taxable income is $390,000.
  2. NB's 2020 taxable income is $912,000.
  3. NB's 2020 taxable income is $1,291,000.

Reference no: EM132911516

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