Question
Shaun has business income, and he filed his Year 1 personal tax return on September 12, Year 2. He also filed his return late four
Shaun has business income, and he filed his Year 1 personal tax return on September 12, Year 2. He also filed his return late four years ago. Shaun owed taxes of $4,000 when he filed his Year 1 tax return. What is the penalty for Shaun for filing the Year 1 return late?
A. $200
B. $280
C. $360
D. $560
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
