Amanda 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 $40,000. Her current year wage withholding amounts to $18,000. Amanda pays no estimated taxes and claims no tax credits on her current year return. Read the requirements. Requirement a. What penalties will the IRS likely impose on Amanda (ignoring the penalty for underpayment of estimated taxes)? Assume Amanda 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 Amanda. (Complete all answer boxes.) Failure-to-pay penalty Failure-to-file penalty Minus: Reduction for failure-to-pay penalty imposed for same period Total penalties X i Requirements a. What penalties will the IRS likely impose on Amanda (ignoring the penalty for underpayment of estimated taxes)? Assume Amanda 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 Amanda owe interest? Print Done