Kara files her income tax return 64 days after the due date of the return without obtaining an extension from the IRS. Along with the return, she remits a check for $15,400, which is the balance of the tax she owes. Note: Assume 30 days in a month. Required:
Disregarding the interest element, enter Kara's penalty amount for each, failure to file and failure to pay.
Failure to pay$
Failure to file$

failure to file :$2079

failure to pay:$231

Explanation:

given data

remits a check = $15,400

days in a month = 30

return = 64 days

solution

computation of Kara's penalty amount for failure to pay

failure to pay will be

failure to pay  = 0.5% of tax owed × number of months  1

failure to pay = 0.5% × $15400 × 3

failure to pay  = $231

and

Computation of Kara's penalty amount for failure to file

failure to file will be

failure to file = (5% of tax owed × number of months or part thereof) - failure to pay penalty          2  

failure to file = (5% × $15400 × 3) - $231

failure to file = $2310 - $231

failure to file = $2079

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.

answer; be sure that the information on file is correct;