If Brad Files His Last Year's Individual Tax Return on July

question 48

Multiple Choice

If Brad files his last year's individual tax return on July 5 of the current year after having requested an extension, what is the amount of his failure- to- pay penalty if his total tax is $10,000 and he paid $9,500 through timely withholding and $500 with the return?

• A) $0
• B) $60
• C) $6
• D) none of the above