Solution-What is the lowest first income tax installment

What is the lowest first income tax installment payment

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Question - Peter's income tax information contains the following:

Estimated net tax owing for the current year is $12,000.

Net tax owing for the previous year was $10,000.

Net tax owing for the second previous year was $11,000.

For the current taxation year, what is the lowest first income tax installment payment Peter can make without being assessed interest for late installments?

Reference no: EM132522232

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What is the lowest first income tax installment payment

Reference no: EM132522232

Reference no: EM132522232

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