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
pentagon [3]
4 years ago
8

Select the correct answer. What happens if you fail to pay your annual taxes? you will simply have to pay some penalty fees you

can file your return the next year you will have to pay penalty fees or face imprisonment, depending on the severity of nonpayment you will have to pay twice the amount of taxes the next year
Business
1 answer:
Vinvika [58]4 years ago
4 0

The correct answer would be option A,  you will simply have to pay some penalty fees.

If you fail to pay your annual taxes,  you will simply have to pay some penalty fees.

Explanation:

People who earn income in a country are liable to pay a certain amount from their income as taxes to the government for enjoying the services given by the government to the citizens.

If you have filed for your taxes and then you are unable to pay them, then the Internal Revenue Service will charge you a failure to pay penalty. You will have to submit the penalty fee along with the taxed amount as soon as possible.

Learn more about Purpose of Taxation at:

brainly.com/question/879536

#LearnWithBrainly

You might be interested in
Which of the following fiscal tools would the government use to get the economy out of a recession?
daser333 [38]
From this list, the best options in terms of fiscal tools the government could use to get the economy out of a recession would be "increase the money supply" "reduce the interest rate" and "<span>increase federal expenditures"</span>
8 0
3 years ago
An enhancing qualitative characteristic of accounting information that refers to the financial statement users' ability to utili
Pani-rosa [81]

Answer: Comparability

Explanation:

Comparability describes information that is measured and reported in a similar manner for different companies. It helps users understand the real similarities and differences in economic activities between companies.

6 0
3 years ago
Organizational variables include decision rights, business processes, formal reporting relationships, and ____________. 1. forma
Dovator [93]

Answer:

The correct answer is number (4): informal networks.

Explanation:

Organizational variables are those components of the organization that influence in the decision-making. There are four main organizational variables:

  • Decision rights: authority to initiate, approve, implement, and control decisions.
  • Business processes: tasks needed to fulfill corporate goals.
  • Formal reporting relationships: structure to set up the coordination line within the firm.
  • Informal networks: groups that transmit information outside the formal reporting relationships.
6 0
4 years ago
PLLZZ HELLLP DUE IN 1 MINNNN
Helen [10]

Answer:

A is the correct answer I think hope this helps

5 0
3 years ago
Read 2 more answers
Assume the following: (1) the interest rate on 6-month treasury bills is 8 percent per annum in the United Kingdom and 4 percent
jarptica [38.1K]

Answer:

d. Fall to $1.47

Explanation:

currently you will need $1,500 to purchase £1,000 and invest in British bonds. After 65 months you will have £1,040, which you should be able to convert into $1,544.40. If you invested in US bonds, you would have $1,530, so this arbitrage will yield $14.40.

But if instead the British pound fell to $1.47, then your profit would only be $28.80, less than if you invested in US bonds. You again would have £1,040 in 6 months, but that would only be equal to $1,528.80.

6 0
3 years ago
Other questions:
  • Today, Thomas deposited $100,000 in a three-year, 12% CD that compounds quarterly.
    8·1 answer
  • Surf City Software Company develops new surf forecasting software. It sells the software to Microsoft in exchange for 1,000 shar
    8·1 answer
  • Corey notices a "backlash" against health food among people who eat out. He decides to open a restaurant that stresses "good hom
    7·1 answer
  • A company purchased a tract of land for its natural resources at a cost of $1,000,000.
    6·1 answer
  • ________consists of GDP plus the net income earned from investments abroad (minus any payments made to nonresidents who contribu
    15·1 answer
  • One project has three cash flows: att0, the initial investment cost is $150; att1, theproject pays $121; att2, the project needs
    8·1 answer
  • The following are the Consumer Price Index (CPI) for the years 1991-1993. All of the values use a reference year of 1986.
    15·1 answer
  • Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the fol
    11·1 answer
  • The recession of 20072009 made many consumers pessimistic about their future incomes. how does this increased pessimism affect t
    13·1 answer
  • Merging and milking brands are examples of? creating brand extensions. increasing brand loyalty. liquidating brands from a produ
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!