The Taxes Shown on Kate's Tax Returns for 2012 and 2013

question 78

Essay

The taxes shown on Kate's tax returns for 2012 and 2013 were $6,000 and $9,000, respectively. Kate's withholding tax for 2009 was $7,000 and she paid no estimated taxes. Kate filed her 2013 return on April 3, 2014, but she did not have sufficient funds to pay the balance due. She pays the $2,000 balance due on June 19, 2014. Kate's AGI for 2013 did not exceed $150,000. Calculate the penalties Kate owes on her 2013 tax return.

---

Definitions:

Management Function

The activities or tasks that managers engage in to plan, organize, lead, and control an organization towards achieving its objectives.

Sales Goals

Targets or objectives set for a sales team or individual sales representatives to achieve in a specified time frame.

Human Skills

The capabilities essential for effective interpersonal interactions, including communication, empathy, and the ability to work collaboratively.

Dealing With Conflict

The process or methods used to manage and resolve disagreements or disputes in a constructive manner.