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Need just question 15. Thank you 14. Determine the amount of the late filing and late payment penalties that apply for the following independent taxpayer
Need just question 15. Thank you
14. Determine the amount of the late filing and late payment penalties that apply for the following independent taxpayer scenarios. Complete the table below: Failure to File Penalty Yes/No 00 Failure to Pay Penalty Yes/No routo Taxpayer Scenarios TP filed tax retum by original due date but did not pay the $3.000 in taxes owed until one and a half months later. Penalty Amount (explain) 15% Ostrot of the buone each to 3000XIS: 2355 22.50 TP filed and paid $4,000 tax liability seven months late. us es 5% of the Om xou fod pach mocy sth DR. am IS. O oth Thu treo MisTvNry Hot os y 12000 115%9000 TP, attempting to evade taxes, did not file a tax return of pay $12,000 in taxes Owed for several years yes 15. Describe the two methods that taxpayers used to propay their taxes under the pay as you go systern." In your discussion, address the determination and calculation of the required amount and the consequences of not paying or not paying the required amount Gardalang beti roled tax payments for WebStep by Step Solution
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