Kate Files Her Tax Return 36 Days After the Due

question 87

Multiple Choice

Kate files her tax return 36 days after the due date.When she files the return,she sends a check for $2,000 which is the balance of the tax owed by her.Kate's penalty for failure to file a return will be

• A)0)5% per month (or factor thereof)up to a maximum of 25%.
• B)5% per month (or factor thereof)up to a maximum of 25%.
• C)20% per month (or factor thereof).
• D)25%.

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Definitions:

Dispute Resolution

The process of resolving a dispute or conflict between parties, which can include negotiation, mediation, arbitration, or litigation.

Jurisdiction

The legal authority given to a court or other body to make decisions and judgments over certain matters or geographical areas.

Diversity of Citizenship

A principle used in U.S. federal courts concerning parties from different states or a foreign country, impacting jurisdiction.

Consent

The agreement, approval, or permission as to some act or purpose, especially given voluntarily by a competent individual.