Which of the Following Statement(s) Concerning Estimated Tax Payments and Underpayment

question 70

Multiple Choice

Which of the following statement(s) concerning estimated tax payments and underpayment penalties for individuals is (are) true?

• A) The amount of penalty depends on the amount of the underpayment among other factors.
• B) Whether taxpayers are subject to underpayment penalties is determined on a quarterly basis.
• C) Due dates for estimated tax payments for a given year are April 15, June 15, September 15 of that year and January 15 of the next year unless these dates fall on a weekend or a holiday.
• D) All of these statements are true.

---

Definitions:

Short Run

A period of time in economics during which at least one input, like plant size, is fixed and cannot be changed.

Production Costs

The total expenses incurred in the process of producing or manufacturing goods or services.

Inputs

Resources such as raw materials, labor, and capital used in the production process to create goods or services.

Total Fixed Costs

The total of all expenses that do not change, irrespective of the amount of production or the level of business operations.