Calculate total penalties that Joan will be required to pay

Assignment Help Accounting Basics
Reference no: EM132432091

Question - Joan filed her individual income tax return 8 months after it was due. She did not request an extension of time for filing. Along with her return, Joan remitted a check for $22,310, which was the balance of the taxes she owed with her return. Disregarding interest, calculate the total penalties that Joan will be required to pay, assuming the failure to file was not fraudulent.

Reference no: EM132432091

Questions Cloud

What is a Public Service Announcement or PSA : What is a Public Service Announcement or PSA?In what format will PSA be delivered?What should PSA include?What issue should PSA focus on?
Why is it important to test for invalid input : Why is it important to test for invalid input for the initial sentinel value when using while loops in C++ and would initializing the sentinel variable
Provide the end of the year adjusting entry journal entry : Provide the journal entry to record Issuance of these long term bonds. Provide the end of the year adjusting entry journal entry
Implement a void function f : Implement a void function F that takes pointers to two arrays of integers (A and B) and a size N as parameters.
Calculate total penalties that Joan will be required to pay : Disregarding interest, calculate the total penalties that Joan will be required to pay, assuming the failure to file was not fraudulent
Number of ways of arranging r objects : The number of ways of arranging r objects chosen from n, where order is important (these are called permutations) is: perm(r, n) = n! (n - r)!
Prepare the journal entry to record issuance of the bonds : Windsor Co. is building a new hockey arena at a cost of $2,620,000. Prepare the journal entry to record the issuance of the bonds on January 1, 2016
What is the relationship between deviance and crime : What is the relationship between deviance and crime? Discuss why certain acts are formally discouraged by laws while other behaviors are simply.
Methods with appropriate data input : Create a C++ program seperating the three files: (Book.h), (Book.cpp) and (main.cpp).The Class Book that of this should include the attributes for books

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd