files his tax return 7 5 days after the due date. Along with the return, David remits

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files his tax return

75

days after the due date. Along with the return, David remits a check for $

65, 000 .

which is the balance of the tax owed. Disregarding the interest element, David's total failure to file and to pay penalties are?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Apr 09, 2024 03:36 AM

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files his tax return 7 5 days after the due date. Along with the return, David remits

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Expert Answer:

Answer The penalties for failing to file and failing to pay taxes are typically assessed as a percen... View the full answer

Income Tax Fundamentals 2013

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