Answer the Following: A.​Geoffrey Filed His Tax Return 2 Months and 8 Days

question 52

Essay

Answer the following:
a.​Geoffrey filed his tax return 2 months and 8 days late and had not requested an extension of time for filing.Geoffrey's return indicated that he is to receive a $600 refund in taxes.Calculate the amount of Geoffrey's penalty for failure to file his tax return on time,assuming the failure to file was not fraudulent.
b.​John filed his individual income tax return 3 1/2 months after it was due.He had not requested an extension of time for filing.Along with his return,John remitted a check for $1,000,which was the balance of the taxes he owed with his return.Disregarding interest,calculate the total penalty that John will be required to pay,assuming the failure to file was not fraudulent (and that he is not subject to failure-to-pay penalties).

Comprehend the various theories of emotion and their implications.

Recognize the role of physiological responses in the experience and expression of emotions.

Identify the components and functions of the cerebral cortex and limbic system in emotional processing.

Analyze the cognitive component of emotions and the methods used to study them.

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Definitions:

Capital Intensity Ratio

A measure of the amount of capital needed per dollar of revenue, indicating the investment required for a company to maintain its current level of production.

Full Capacity

The maximum level of output that a company can sustain over a period of time without increasing the production resources.

Long-term Debt

Borrowings or financial obligations that are due for repayment over a period longer than one year.

Capital Intensity Ratio

A financial measure that indicates the amount of assets or capital required to generate a dollar of revenue, illustrating the capital efficiency of a company.