How much will Humphrey owe in penalties

Assignment Help Accounting Basics
Reference no: EM132661275

Question - Humphrey was very busy in 2020 and forgot to file his taxes or file an extension by July 15, 2020. When he got around to filing his tax return on September 28th, he found that he owed $1,727. How much will Humphrey owe in penalties in addition to the $1,727 for his failure to file and pay on time?

Reference no: EM132661275

Questions Cloud

Do four-column bank reconciliation for the month : Do four-column bank reconciliation for the month of December using adjusted balance method and prepare the necessary adjusting entries as of December 31, 2018
Calculate the nominal and real gdp of 2010 : Consider an economy that produces and consumes bread and automobile.
Explain the implications to the operations managerif : Explain the implications to the operations managerif estimates of setup (order) costs include fixed, semi-variable
Prepare schedule that shows computation of cash collection : Prepare a schedule that shows the computation of cash collections of its credit sales (accounts receivable] in each of the months of June and July.
How much will Humphrey owe in penalties : When he got around to filing his tax return on September 28th, he found that he owed $1,727. How much will Humphrey owe in penalties
Which industry is capital intensive : Which industry is capital intensive? State the H-O theorem and then explain if your results are consistent with the H-O theorem?
Successive negative quarters of economic growth : What is it called when a country has two successive negative quarters of economic growth?
Provide a statement of contribution of the group members : Provide a statement of contribution of the group members who have contributed and the role they played. Reflect on the effectiveness of the team effort.
What will be Peggy show when she files her return : If these are the only items of income and expense for 2019, what will be Peggy's 1040 show when she files her return using the single filing status

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