Avery files her current year tax return on June 18 of the following year. On July 8 she pays the amount due, if any, without requesting an extension. The tax shown on her return is

$32,000. Avery pays no estimated taxes and claims no tax credits on her current year return.

The requirements

What penalties will the IRS likely impose on Avery (ignoring the penalty for underpayment of estimated taxes)? On what dollar amount, and for how many days, will Avery owe interest? Assume Avery committed no fraud and that any penalty and interest period begins on April 16.
a.	Assume her wage withholding tax amounts to $18,000
b.	Assume her wage withholding tax amounts to $35,000
c.	How would your answer to Part a change if Avery requests an automatic extension?

Part 1

Requirement a. What penalties will the IRS likely impose on Avery (ignoring the penalty for underpayment of estimated taxes)? On what dollar amount, and for how many days, will

Avery owe interest? Assume Avery committed no fraud and that any penalty and interest period begins on April 16. Assume her wage withholding tax amounts to $18,000.

Complete the table below to show the penalties that the IRS will likely impose on Avery.

Minus: Total penalties Minus: Total penalties