Question

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

Answer 1

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.

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