Question: 1)Which of the following is a CRA-issued penalty rate on an individual who filed a late tax return on May 15 instead of April 30th?
1)Which of the following is a CRA-issued penalty rate on an individual who filed a late tax return on May 15 instead of April 30th?
a. No Penalty
b. 5 %
c. 5.5%
d. 6%
2) Which of the following is not an installment date for an individual paying taxes?
a) March 15
b)May 15
c)June 15
d)September 15
3)Which of the following is a factor that distinguishes an employee from self-employed contractor?
a)Control of an employer
b)Ownership of tools
c)Financial gains
d) Both a & b
e) Both a & c
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Answer b 5 The penalty for not filing taxes also known as the failuretofile penalty or ... View full answer
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