Harmon, Inc. was incorporated and began business on January 1, 2018. Its tax liability for 2018 was $36,000. Its tax liability for 2019 was $50,000. Which of the following is a correct statement concerning the payment of estimated taxes for 2019?
A. Harmon may pay the $50,000 tax no later than April 15, 2020.
B. Harmon must pay $12,500 on the 15th day of April, June, September, and December.
C. Harmon must pay $9,000 on the 15th day of April, June, September and December. The $14,000 balance is payable by April 15, 2020.
D. None of the above statements is correct.
Answer: C
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