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3 years ago

Elijah waited until June u,2017 to file his 1040 for tax year 2016. His balance due is $88. What is the failure to file penalty?

1 answer:

7 0

The failure to file penalty refers to the amount of money that a tax payer has to pay as penalty for not filing his tax before the assigned deadline. The failure to pay penalty is 0.5% of the tax balance that is owned per month.
Thus, for Elijah, who is owning $88, the failure to pay penalty is 0.5% *88 = $0.44.
Elijah has to pay $0.44 per month for the period during which he withhold the tax.

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Answer:

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Step-by-step explanation:

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3 years ago

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Irina-Kira [14]

Answer:

both statements are fine

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2 years ago

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Read 2 more answers

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gladu [14]

Hope this helps
$7 \frac{1}{5} - 2 \frac{3}{5} = \frac{36}{5} - \frac{13}{5} = \frac{23}{5} = 4 \frac{3}{5}$

$8 \frac{2}{5} - 4 \frac{3}{5} = \frac{42}{5} - \frac{23}{5} = \frac{19}{5} = 3 \frac{4}{5}$
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