Frederick Failed to File His 2016 Tax Return on a Timely

question 73

Essay

Frederick failed to file his 2016 tax return on a timely basis. In fact, he filed his 2016 income tax return on October 31, 2017, (the due date was April 15, 2017 and paid the amount due at that time. He failed to make timely extensions. Below are amounts from his 2016 return:
$\begin{array}{ll}\text { Taxable income } & \$ 120,000 \\\text { Total tax liability on taxable income } & 26,637 \\\text { Total tax withheld from his salary } & 25,000\end{array}$ Frederick sent a check for $1,637 in payment of his liability. He thinks that he has met all of his financial obligations to the government for 2016. For what additional amounts may Frederick be liable assuming any applicable interest rate is 6%?

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The way in which a firm decides which market segments to operate in, how it will position its offerings, and to what extent products and services will be standardized or differentiated in each market.

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