Ryan Filed His Tax Return 40 Days After the Due

question 39

Multiple Choice

Ryan filed his tax return 40 days after the due date and included a check for the $1,800 balance due with the return.Ryan's failure-to-file penalty is

• A)25%
• B)20% per month (or partial month)
• C)5% per month (or partial month) up to a maximum of 25%
• D)0.5% per month (or partial month) up to a maximum of 25%

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Definitions:

Productivity Factors

Elements that contribute to the output and efficiency of production, such as labor skill levels, technology, and innovation.

Pay Gap

The difference in average earnings between any two groups within the workforce, often used to discuss the disparity between genders or ethnic backgrounds.

Nonmonetary Reward

A form of compensation or incentive that does not involve the direct payment of money, such as appreciation, recognition, or professional development opportunities.

Compensating Differential

Additional income or benefits offered to employees to offset unpleasant aspects of a job.