1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
den301095 [7]
3 years ago
15

What would happen if you didn’t file taxes?

Business
1 answer:
Greeley [361]3 years ago
8 0

you'll get hit with a failure-to-file penalty, which starts at 5% of however much you owe, maxing out at 25% of your tax bill. If you wait more than 60 days to file, you're charged a $135 fee or 100% of the taxes you owe (whichever is less).

You might be interested in
The Purpose or objectives of Competition Policy​
Alona [7]

uhhhhhhhh ok??? is this a question or...?

8 0
3 years ago
Which of the following is the best example of a positive question?a. How are price and quantity demanded related?b. How should t
fredd [130]

Answer:

a. How are price and quantity demanded related?

b. How should the government deal with the next recession?

Explanation:

A positive question is the kind of question the answer of which is simply yes or no. They ask about how one thing is rather than how something should be.

In above question, there are two questions which fall in the category of positive questions because of the way they are formed and what they are asking.

6 0
3 years ago
There are 4 households in a locality. The annual income of the first household $20,000, the annual income of the second househol
mihalych1998 [28]

Answer:

b) The progressive income tax system

Explanation:

The tax is compulsory contribution levied by the authority in a territory on goods, services, income and profit.

Proportional income tax :Income tax is said to be proportional where the same tax rate is paid by all irrespective of their income bracket.

A progressive income tax is that where the tax rate becomes higher for those income earners in  the high income bracket. The tax rates on every dollar earned becomes higher with increase in income.

The regressive income tax is where a lower percentage is paid as tax as the income income increases. Lower rate is paid on additional dollar earned.

The scenario in the question falls under the concept of progressive income tax system

6 0
3 years ago
Read 2 more answers
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company�s products, a football helmet for the N
ArbitrLikvidat [17]

Answer: 1: standard cost of total helmets $15,680

2:

Explanation:

See attached file

8 0
3 years ago
On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n/30. The cu
dezoksy [38]

Answer:

D. Cash 8,000

Accounts Receivable 8,000

Explanation:

The commercial terms of the transactions are as follow:

2/10 within the first 10 days of the invoice The payment will be grnated with 2% discount

n/30 during the next 30 days of invoice date, the payment to cancel will be the nominal

The payment is after the discount period, it will be at nominal which is 8,000

5 0
4 years ago
Other questions:
  • Corporate codes of ethical conduct: Select one: a. effectively deter unethical behavior. b. are sometimes viewed as thinly disgu
    7·1 answer
  • What is the economic definition of​ utility?
    5·2 answers
  • Suppose that at some point the spot exchange rate is equal to 100 yen per one u.s. dollar, while the interest rate in dollars is
    10·1 answer
  • edmiston Company reported the following year-end information: beginning work-in-process inventory, $80,000; cost of goods manufa
    6·1 answer
  • The government wants to make Medicare benefits available to more people, but to achieve this goal, it needs to make cuts in the
    7·1 answer
  • Prepare adjusting journal entries, as needed, for the following items. (If no entry is required for a transaction/event, select
    12·1 answer
  • One calculates the after-tax weighted average cost of capital (WACC) using which formula?
    10·1 answer
  • if george earned $50,000 and was taxed $7,500, while julia earned $80,000 and was taxed $9,000, what type of income tax structur
    5·2 answers
  • Jensen is 25 years old, and he will be starting his career as a business analyst. According to Levinson, Jensen is in the _____
    13·1 answer
  • why is the daily scrum held at the same time and same place? group of answer choices the consistency reduces complexity. the pla
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!