Joan filed her unextended 2014 tax return on November 15, 2015, paying the $ 5,000 amount due
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
The failure to pay penalty is equal to 25 per month 5000 x 005 for ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Federal Tax Research
ISBN: 9781285439396
10th Edition
Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill
Question Posted:
Students also viewed these Business Law questions
-
Joan filed her unextended 2017 tax return on November 15, 2018, paying the $5,000 amount due at that time. Joan has no reasonable cause for failing to file the return by October 15 or for failing to...
-
Julie filed a valid extension for her 2014 tax return, giving her until October 15, 2015 to file her return. She filed her return on November 1 and paid $ 2,000 of tax due. For what period of time...
-
a. Wilson filed his individual tax return on the original due date, but failed to pay $700 in taxes that were due with the return. If Wilson pays the taxes exactly 2 months late, calculate the amount...
-
In Figure 3-4, the current position of the demand curve is D 1 , and the price of a wireless earbud, which is a normal good, is $3. If there is an increase in consumer incomes, will the demand curve...
-
Three identical resistors are connected to a battery. Two are wired in parallel, and that combination is followed in series by the third resistor. Which resistor has (a) The largest current, (b) The...
-
A private college receives the following pledges of support. 1. As part of its annual fund drive, alumni and friends of the college pledge $8 million. The college estimates that about 15 percent of...
-
1. Find the cumulative area that corresponds to a z-score of 1.15. 2. Find the cumulative area that corresponds to a z-score of 0.24.
-
The following items were taken from the adjusted trial balance of the Bremeur Corporation on 31 December 20X5. Assume an average 20% income tax on all items (including the divestiture loss). The...
-
(a) What does the following algorithm do? function: F(x, y) input: nonnegative integers x and y if y = 0: return 0 z = F(x, FLOOR(y/2)) if y is even: return 2z else: return x+2z
-
Tayla Corporation generated $340,000 of taxable income in the 2018. What is Taylas corporate tax liability? a. $71,400 b. $119,000 c. $115,600 d. $0 e. None of the above
-
Jim received a six-month extension (to October 15, 2014) to file his 2013 tax return. Jim actually filed the return on October 20, 2014, paying the $ 20,000 amount due at that time. He has no...
-
Describe the civil fraud penalties, the definition of fraud, and the all-or-nothing rule for civil fraud. What are the differences in individual and corporate penalties for failure to make adequate...
-
What are the advantages and disadvantages of ethnography as compared to other qualitative techniques?
-
Classify each of the following variables as categorical or quantitative. a. The number of social media accounts you have (Facebook, Twitter, LinkedIn, Instagram, etc.) b. Preferred soccer team c....
-
Which of your personal attributes will most help you succeed as an entrepreneur?
-
Of all cancer cases around the world in 2012, 13% had lung cancer, 11.9% had breast cancer, 9.7% had colorectal cancer, 7.9% had prostate cancer, 6.8% had stomach cancer, and 50.7% had other types of...
-
What sources of capital do you have? Are you willing to take on a home equity loan? Use your personal credit cards? How much of a nest egg do you need to feel comfortable pursuing a new venture?
-
What fiduciary duty do you have with your current employer? Does your proposed new venture rely on proprietary information belonging to your previous employer? Are you materially interfering with...
-
On January 3, 2024, Martin Company purchased for $500,000 cash a 10% interest in Renner Corp. The fair value of Martins investment in Renner securities is as follows: December 31, 2024, $560,000, and...
-
For the following exercises, find the area of the triangle. Round to the nearest hundredth. 22 50 36
-
Jane and Bill have lived in a home Bill inherited from his parents. Their son Jim lives with them. Bill and Jane obtain a divorce during the current year. Under the terms of the divorce, Jane...
-
The following information relates to two married couples: Compute the 2015 tax due or refund due for each couple. Assume that the itemized deductions have been reduced by the applicable floors....
-
a. Explain the distinction between a deduction and a credit. b. Which is worth more, a $10 deduction or a $10 credit? c. Explain the difference between refundable and nonrefundable credits.
-
What are some design considerations for a document database versus a relational database Explain CRUD in databases. Why are these operations crucial? Write the code to insert a record into a MongoDB...
-
You have your own company, the EIE0120, a LLC. This company produces stamped metal parts. You have been asked by a current customer to provide a quotation for a product that is similar to but...
-
What goes into your User Stories/How long are your User Stories? List at least 3 SDLC methodologies. How long does sprints run for? What are the Agile/SCRUM ceremonies? What happens during the Sprint...
Study smarter with the SolutionInn App