Data table Taxable income Total tax liability on taxable income Total federal tax withheld from his salary 132,000 25,760 19,560 - Jim sent a check with his return to the IRS for the balance due of $6,200. He is relieved that he has completed his filing requirement for 2020 and has met his financial obligation to the government for 2020. Print Done Assumptions: The IRS interest rate used is 3% Interest calculations will be made on a 366 day year. The 2020 tax return that was filed is accurate. In 2020, Jim, who is single, has a comfortable salary from his job as well as income from his investment portfolio. However, he is habitually late in filing his federal income tax return. He did not file his 2020 income tax return until December 3, 2021 (due date was April 15, 2021) and no extensions of time to file the return were filed. Below are amounts from his 2020 return: (Click the icon to view the 2020 data.) Requirement Has Jim met all of his financial obligations to the IRS for 2020? If not, what additional amounts will Jim be liable to pay to the IRS? (Assumptions). Ignore any extentions granted for extraordinary circumstances. First select the labels for any applicable financial obligations that Jim will incur, then enter the applicable amounts and calculate the total. (Assume a 366-day year. Do not round intermediary calculations. Only round amounts you enter into the table to the nearest cent. If an input field is not used in the table leave the input field empty; do not select a label or enter a zero.) Accuracy-related penalty Interest 0 67.59 Late filing: Failure to file penalty 1395 279 Late payment: Failure to pay penalty Total additional amount due 1741.59