Question: Hello dear Experts, The problem bellow has many solutions in the Chegg. But all of them is wrong when I put any of the shown
Hello dear Experts,
The problem bellow has many solutions in the "Chegg". But all of them is wrong when I put any of the shown solutions on my class page.
So, I will be thankful if you can explain to me the right way of this assignment.
Thank you in advance.
"Victoria's 2018 tax return was due on April 15, 2019, but she did not file it until June 12, 2019. Victoria did not file an extension. The tax due on the tax return when filed was $8,500. In 2018, Victoria paid in $12,000 through withholding. Her 2017 tax liability was $11,500.Victoria's AGI for 2018 is less than $150,000. How much penalty will Victoria have to pay (Disregard interest)?
Penalty to be paid...................."
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