Last year, JL Corporation’s tax liability was $900,000. For the…

Last year, JL Corporation’s tax liability was $900,000. For the current year, JL Corporation reported the following taxable income at the end of its first, second, and third quarters.
Quarter-End Cumulative Taxable Income
First $ 500,000
Second 1,250,000
Third 2,250,000
What are JL’s minimum required first-, second-, third-, and fourth-quarter estimated tax payments (ignore the actual current-year tax safe harbor)?
InstallmentTaxable IncomeAnnualization Factor Annual Estimated Taxable Income Tax on Estimated Taxable IncomePercentage of Tax Required to be PaidRequired Cumulative Payment Prior Cumulative Payments Required Estimated Tax Payment First quarter%Second quarter%Third quarter%Fourth quarter%

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