Identify Which of the Following Statements Is True

question 9

Multiple Choice

Identify which of the following statements is true.

• A) If both the failure- to- file and the failure- to- pay penalties are owed, the taxpayer will incur a maximum addition to tax of 5.5% per month.
• B) The failure- to- pay penalty is waived if the additional tax due with the filing of the extended return does not exceed 15% of the tax owed for the year.
• C) Individuals having substantial income from sources not subject to regular withholding generally should make quarterly estimated tax payments to the IRS.
• D) All of the above are false.

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Definitions:

Carbon Monoxide Output

The amount of carbon monoxide gas produced and emitted into the environment, typically by vehicles or machinery burning fossil fuels.

Tar

A dark, thick, and sticky liquid or semi-liquid material, often used in paving and waterproofing.

Nicotine

A stimulant and potent parasympathomimetic alkaloid that is found in the nightshade family of plants and is widely used in cigarettes and other forms of tobacco.

Pulse Rates

A measure of the number of heartbeats per unit of time, usually expressed in beats per minute.