If the Due Date for a Tax Return Is Extended

question 31

Multiple Choice

If the due date for a tax return is extended for a taxpayer who has a $2,000 balance due, the taxpayer

• A)must pay the tax due by the original due date to avoid interest
• B)has 30 days following the original due date to pay the $2,000 due without interest
• C)has 60 days following the original due date to pay the $2,000 due without interest
• D)has 6 months following the original due date to pay the $2,000 due without interest

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Definitions:

Reciprocity

The practice of exchanging things with others for mutual benefit, especially privileges granted by one country or organization to another.

Synergy

The combined effect of a group that exceeds the sum of the effects of the individual parts.

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Complementary Traits

Personality characteristics that enhance or bring out the best qualities in another person.