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Amanda files her current year tax return on June 18 of the following year. On August 8 she pays the amount due, if any, without

Amanda files her current year tax return on June 18 of the following year. On August 8 she pays the amount due, if any, without requesting an extension. The tax shown on her return is $20,000.Amanda pays no estimated taxes and claims no tax credits on her current year return.

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What penalties will the IRS likely impose on Amanda (ignoring the penalty for underpayment of estimated taxes)? On what dollar amount, and for how many days, will

Amanda owe interest? Assume Amanda committed no fraud and that any penalty and interest period begins on April 16.

a.

Assume her wage withholding tax amounts to $17,000

b.

Assume her wage withholding tax amounts to $34,000

c.

How would your answer to Part a change if Amy requests an automatic extension?

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