Baker recently filed his tax return. He failed to file a proper extension and then filed 99 days after the due date. Along with his return he remitted a check for $4,000 which was his full income tax liability without penalties. What are Baker’s total penalties?

$760

$740

$700

$800

Answer rating: 100% (QA)

Step 13 Bakers total penalties are 800 The late filing penalty is five hitter of the unpaid liabilit... View the full answer