Alexi files her tax return 29 days after the due date. Along with the return, she remits a check for $9,500, which is the balance of the tax she owes. The failure to file is not attributable to fraud. Assume 30 days in a month. If required, round your answers to nearest whole value. Disregarding any interest liabilities, Alexi's total penalties are as follows: Failure to pay penalty: $fill in the blank 1. Failure to file penalty: $fill in the blank 2.

Alexi files her tax return 29 days after the due date. Along with the return, she remits a check for $9,500, which is the balance of the tax she owes. The failure to file is not attributable to fraud. Assume 30 days in a month. If required, round your answers to nearest whole value. Disregarding any interest liabilities, Alexi's total penalties are as follows: Failure to pay penalty: $fill in the blank 1. Failure to file penalty: $fill in the blank 2.

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter12: Tax Administration And Tax Planning

Section: Chapter Questions

Problem 3P

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