Victoria's 2015 tax return was due on April 15, 2016, but she did not file it until

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Victoria's 2015 tax return was due on April 15, 2016, but she did not file it until June 12, 2016. Victoria did not file an extension. The tax due on the tax return when filed was $8,500. In 2015, Victoria paid in $12,000 through withholding. Her 2014 tax liability was $11,500. Victoria's AGI for 2015 is less than $150,000. How much penalty will Victoria have to pay (disregard interest)?
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Fundamentals Of Taxation 2016

ISBN: 9781259812774

9th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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