What Is the Penalty for Taxpayers Who Fail to Pay

question 21

Multiple Choice

What is the penalty for taxpayers who fail to pay their tax liability on a timely basis based on the taxes owing?

• A)5% per month
• B)2% per month
• C)0.5% per month
• D)$100 per month

---

Definitions:

Diaphragm

A large, dome-shaped muscle located below the lungs that plays a crucial role in respiration.

Septic Shock

A severe and life-threatening condition caused by an overwhelming infection leading to dangerously low blood pressure and organ failure.

Diastolic Blood Pressure

The bottom number in a blood pressure reading that represents the pressure in the arteries when the heart rests between beats.

Antecubital Fossa

The inner area of the elbow where veins are commonly accessed for blood drawing or intravenous lines.