Homework:Unit 2 Lab Assignment 1

Question 6, PC:15-37 (similar to)

Part 1 of 2

HW Score: 0%, 0 of 30 points

Points: 0 of 5

Save

Question content area top

Part 1

Aya

files her current year tax return on

July

13 of the following year. She pays the amount due without requesting an extension. The tax shown on her return is

$35,000.

Her current year wage withholding amounts to

$28,000.

Aya

pays no estimated taxes and claims no tax credits on her current year return.

Read the

requirements

a.	What penalties will the IRS likely impose on Aya (ignoring the penalty for underpayment of estimated taxes)? Assume Aya committed no fraud and that any penalty and interest period begins on April 16.
b.	On what dollar amount, and for how many days, will Aya owe interest?

.

Question content area bottom

Part 1

Requirement a. What penalties will the IRS likely impose on

Aya

(ignoring the penalty for underpayment of estimated taxes)? Assume

Aya

committed no fraud and that any penalty and interest period begins on April 16.

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

Aya.

(fill in answer boxes.)

Minus:
Total penalties