For Its 2011 Taxation Year, Its First Year of Operation

question 98

Multiple Choice

For its 2011 taxation year, its first year of operation, PS Swim Inc.filed its return three months late.The unpaid tax at the due date for the return was $2,500.This amount was not paid until the return was filed.What would its penalty be?

• A)Nil.
• B)$75.
• C)$125.
• D)$200.
• E) $500.
• Corporate Instalments

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Definitions:

Micromanaging Group Members

The practice of excessively controlling or overseeing every small detail of group members' work, often to the detriment of autonomy and motivation.

Riskier Options

Choices or decisions that carry a higher level of uncertainty and potential for negative outcomes, often considered in the context of investments, business strategies, or personal decisions.

Entrepreneurial Style

The unique manner in which an entrepreneur approaches challenges, opportunities, and the management of their business venture.

Investment Banker

A professional who works in a financial institution, dealing with the creation of capital for other companies, governments, and other entities.