Sue must make estimated tax payments of $4,000 for the tax year. She makes the following payments:
Ist Payment.credit of $1,000 from her previous year refund
2nd Payment. $500 on April 20th
3rd Payment - $500 on May 31st
4th Payment - $1,000 on August 15th
5th Payment - $500 on October 15th
6th Payment - $500 on December 30th
Which of the following statements is true?
i. She has not made timely payments because her 2nd and 3rd payments were not made by April 15th
ii. She has not made timely payments because her 4th payment was not made by June 15th
iii. She has made timely estimated payments
iv. She has not made any timely payments because none of the payments were made by the required IRS schedule