1-

Which of the following is the calculation of the failure-to-file penalties?

a.20 percent of the tax due

b.5 percent of the tax due

c.5 percent of the tax due for each month or part of the month that it is late, limited to 25 percent of the taxes due

d.Half of 1 percent (0.5 percent) of the tax due for each month late, limited to 25 percent of the taxes due

e.5 percent of the tax due for each quarter late, limited to 25 percent of the taxes due

2-

If a calendar year taxpayer's 2016 individual income tax return is mailed on June 15, 2017, the statute of limitations would normally run out on:

a.June 15, 2019

b.June 15, 2020

c.April 15, 2019

d.April 15, 2020

e.None of these choices are correct.