Discussion Question $1-42($Algorithmic$)($LO$.5)$

Rita files her income tax return $60$ days after the due date of the return without obtaining an extension from the IRS. Along with the return,

she remits a check for $$178,000,$ which is the balance of the tax she owes.

Note: Assume $30$ days in a month.

Disregarding the interest element, enter Rita's failure to file penalty and failure to pay penalty.

Failure to pay penalty

Failure to file penalty

$

$