Determination of annualized income installment
In the case of any required installment, the annualized income installment is the excess (if any) of—
(i)#
an amount equal to the applicable percentage of the tax for the taxable year computed by placing on an annualized basis the taxable income, alternative minimum taxable income, and adjusted self-employment income for months in the taxable year ending before the due date for the installment, over
(ii)#
the aggregate amount of any prior required installments for the taxable year.