It had been quite a day for ms. leslie olivera, a sourcing manager with the foxtrot company. the day started as all mondays at the beginning of the month did with a visit to sportswear. as she walked in the door, the owner of sportswear, charles richards, greeted her with a question, "leslie, how would you like to buy my business? "

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?