T, a Calendar Year Taxpayer, Determined That His Net Tax

question 46

Multiple Choice

T, a calendar year taxpayer, determined that his net tax due for 2011 was $800.Unfortunately, T had no money to pay the tax, so he postponed filing and paying the amount due until November 1, 2012.T did not ask for an extension of time to file his return.T's failure-to-file penalty will be

• A)$100
• B)$180
• C)$196
• D)$200
• E)$220

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Definitions:

Beta

Beta is a measure of the volatility, or systematic risk, of a security or portfolio in comparison to the market as a whole, indicating its sensitivity to market movements.

Market Index

A hypothetical portfolio of investment holdings that represents a segment of the financial market, used as a benchmark to measure an investment's performance.

Standard Deviation

A statistical measurement of variation or dispersion around an average, indicating how much a set of numbers is spread out.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables on a scale from -1 to 1.