Lorence Lange's Tax for the Year Is $7,000

question 52

Multiple Choice

Lorence Lange's tax for the year is $7,000. He has paid in $4,400 in four quarterly payments during the year. Last year, his tax liability was $6,600. Which of the following is correct?

• A) Lorence will not have an underpayment penalty.
• B) Lorence will have an underpayment penalty on $2,600.
• C) Lorence will have an underpayment penalty on $1,900.
• D) Lorence will have an underpayment penalty on $2,200.
• E) None of the above

---

Definitions:

Self-confident

Having belief in one's own abilities and qualities, enabling a person to face challenges with assurance.

Charismatic Leadership

A leadership style characterized by an individual's ability to inspire and motivate followers through their charm, persuasiveness, and compelling vision.

Organizational Citizenship Behaviour

Voluntary actions performed by employees that contribute to the overall positive functioning and environment of an organization beyond their formal job requirements.

Follower Satisfaction

The level of happiness and contentment that followers or subordinates feel regarding their leadership's direction and actions.