Problem 8-82 (LO 8-5) (Algo)

Determine the amount of the late filing and late payment penalties that apply for the following taxpayers.

Required:

A. Oscar filed his tax return and paid his $3,600 tax liability five months late.

Late filing and late payment penalties = ?

B. Attempting to evade his taxes, did not file a tax return or pay his $13,400 in taxes for several years.

Late filing and late payment penalties = ?