Multiple Choice
K owed $9,500 in taxes for 2012, paid as follows: estimated tax payments of $2,100 each quarter, $1,000 with her Form 4868 (request for automatic extension) in March, and the remaining $100 with her Form 1040 in July.K's 2011 total tax was $8,000.What interest or penalty does she owe?
A) Failure-to-pay penalty
B) Interest on balance due
C) Penalty on underpayment of estimated tax
D) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q1: A taxpayer whose income consists of wages
Q3: Which of the following is not true
Q4: Which of the following generally has the
Q5: Which of the following statement about the
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Q8: A single taxpayer with one dependent receives
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Q11: Compared with a single taxpayer who has