A Taxpayer Who Fails to File and Fails to Pay

question 41

True/False

A taxpayer who fails to file and fails to pay taxes is subject to a combined 5% monthly penalty on the underpayment.

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Definitions:

National Democratic Convention

A major political event where the Democratic Party in the United States selects its presidential and vice-presidential candidates.

Affiliation

The relationship or association between individuals or organizations.

Rosa Parks

An African American civil rights activist best known for her pivotal role in the Montgomery Bus Boycott.

Civil Rights Movement

A decades-long struggle by African Americans to end racial discrimination and achieve equal rights under the law in the United States.