Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 30, 2024

Richard filed his 2 0 2 3 tax return on May 2 9 , 2 0 2 4 and never properly extended his tax return.

Richard filed his

2023

tax return on May

29, 2024

and never properly extended his tax return. Richard owed $

5, 600

which was paid on April

15, 2024 .

How muich is his failure to file pentalty?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Financial Accounting

Authors: By A Mohammadali Haji, T Mutshutshu , B Sibiya, T Mohohlo

5th Edition

9781776174706, 9781776174713

More Books

Students also viewed these Accounting questions

Question

provides the conditions of demand and supply. What are the equilibrium price and equilibrium quantity before the price ceiling? What will the excess demand or the shortage (that is, quantity demanded...

Answered: 1 week ago

Question

★★★★★

The 3M Company is a global diversified technology company active in the following product markets: consumer and office; display and graphics; electronics and communications; health care; industrial;...

Answered: 1 week ago

Question

★★★★★

faaaaast faaaaat Di And Division des within the compy. The man he divisions related TOO 000 Selling price per unit to take cute 100.000 583 Variable cope Fixed cost perut (based on capacity 565 315...

Answered: 1 week ago

Question

★★★★★

Corn syrup is used to make many soft drinks. Some years ago, Coca-Cola entered into a commodity swap in which it agreed to pay a fixed price of $4.5 per bushel of corn every 12 months on a notional...

Answered: 1 week ago

Question

★★★★★

Assuming the friends decide to offer the securities publicly, but only in their home state, they must: apply for a blue-sky exemption. confirm that all purchasers are accredited investors. register...

Answered: 1 week ago

Question

★★★★★

In the case study Metagenom Bio Inc: Protecting Intellectual Property Rights in China. What are the social and legal models in China for the protection of IPR? What are the challenges to an entity's...

Answered: 1 week ago

Question

★★★★★

An insurer has $2,500,000 in total earned premiums for the year. It experiences and pays out in one year $1,000,000 in total losses and $500,000 in underwriting expenses. As a result, under statutory...

Answered: 1 week ago

Question

★★★★★

Shakeia Duncan wants to know what home price she can afford. Her annual gross income is $ 4 6 , 8 0 0 . She owes $ 8 3 0 per month on other debts and expects her property taxes and homeowner's...

Answered: 1 week ago

Question

★★★★★

A lab orders a number of chemicals from the same supplier, with a lead time two weeks. The assistant manager of the lab must determine how much of one of these chemicals to order. Usage of the...

Answered: 1 week ago

Previous Question Next Question