Kamal, after completing his studies, wanted to start his business. His friends say that a lot of money is required to have a start-up as well as it’s a very complex process. In the light of the above statement describe the process of entrepreneurship. 6 Marks

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?