Jennie received a 6-month extension (to October 15, 2021) to file her 2020 tax return. Jennie actually filed the return on November 20, 2021, paying the $20,000 amount due at that time. She has no reasonable cause for failing to file the return by October 15 or for failing to pay the tax that was due on April 15, 2021. How much is the failure-to-pay penalty? Question 17 options: a) $800 b) $700 c) $2,000 d) $1,000

Compute the penalty described for the following taxpayers. If an amount is zero, enter "0". If required, round your answers to two decimal places. Question Content Area a.  Wilson filed his individual tax return on the original due date, but failed to pay $2,310 in taxes that were due with the return. If Wilson pays the taxes exactly 3 months late (not over 60 days), calculate the amount of his failure-to-pay penalty.$fill in the blank  b.  Joan filed her individual income tax return 5 months after it was due. She did not request an extension of time for filing. Along with her return, Joan remitted a check for $725, which was the balance of the taxes she owed with her return. Disregarding interest, calculate the total penalties that Joan will be required to pay, assuming the failure to file was not fraudulent.$fill in the blank

Jasmine  29 is filing  as a single tax payer  in 2020 she recieve income from the following  sources  39000 wages  Alimony  payment  totaling  14328 her divorce  was finalize  in October  2019 Unemployment  compensation  of 6200 Jasmine  also made a timely 2000 contribution  to a traditional ira for 2020 She has no other income and will file a standard  deduction   What is Jasmine  adjustable gross ? income

Lorna Hall’s real estate tax of $2,010.88 was due on December 14, 2019. Lorna lost her job and could not pay her tax bill until February 27, 2020. The penalty for late payment is  612%612% ordinary interest. (Use Days in a year table.)a. What is the penalty Lorna must pay? (Round your answer to the nearest cent.) Penalty Pay   b. What is the total amount Lorna must pay on February 27? (Round your answer to the nearest cent.) Total Amount

Q - 67

None

F57.

Clyde is a cash-method taxpayer who reports on a calendar-year basis. This year Paylate Corporation has decided to pay Clyde a year-end bonus of $1,450.Determine the amount Clyde should include in his gross income this year under the following circumstances. (Leave no answer blank. Enter zero if applicable.)   Problem 5-53 Part-d (Algo) d. Clyde picked up the check in December, but the check could not be cashed immediately because it was postdated January 10. Amount to be included in gross income - ________

Question 1                                                       Jahid (a mechanic) paid for the following items during the current tax year (2019-2020) and has approached you asking which of them are deductible from his salary income. He is a single tax resident for the year: Protective shoes and sunglasses with the cost of $600 all together Non-compulsory uniforms with the cost of $300 Compulsory uniforms with the cost of $700   Explain in detail (using a table for all the items above) with relevant tax laws and cases. Kindly use the four sections below for each case in your table. Facts of the scenario Relevant laws and cases Application of laws and cases Conclusion

Camila timely filed her 2020 tax return on April 15, 2021. Under ordinary circumstances, what is the last day she can file an amended tax return? April 15, 2023; October 15, 2023; April 18, 2024; October 15, 2024