Solved

David Files His Tax Return 45 Days After the Due

Question 152

Multiple Choice

David files his tax return 45 days after the due date.Along with the return, David remits a check for $40,000.which is the balance of the tax owed.Disregarding the interest element, David's total failure to file and to pay penalties are: David files his tax return 45 days after the due date.Along with the return, David remits a check for $40,000.which is the balance of the tax owed.Disregarding the interest element, David's total failure to file and to pay penalties are: A) $400. B) $3,600. C) $4,000. D) $4,400. E) None of these.


A) $400.
B) $3,600.
C) $4,000.
D) $4,400.
E) None of these.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q147: Ultimately, most taxes are paid by individuals.

Q148: Using the following choices, show the justification

Q149: For the negligence penalty to apply, the

Q150: Both economic and social considerations can be

Q151: Using the following choices, show the justification

Q153: A state income tax can be imposed

Q154: Using the following choices, show the justification

Q155: Even though a client refuses to correct

Q156: The ratification of the Sixteenth Amendment to

Q157: On occasion, Congress has to enact legislation