You have filed your taxes more than 60 days late which means you are subject to a penalty of $135 or 100% of your unpaid tax, wh
ichever is smaller. Your taxes were $355, and you paid 48%. Which late penalty is cheaper, $135 or 100% of unpaid balance.
2 answers:
Answer: $135
Step-by-step explanation: 48% of $355 would be 170 so therefore the $135 would be the cheaper penalty
Answer:135
Step-by-step explanation:
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