Which of the Following Statements Regarding Late Filing Penalties And/or

question 140

Multiple Choice

Which of the following statements regarding late filing penalties and/or late payment penalties is True?

• A) An extension of time to file the tax return protects a taxpayer from late payment penalties as long as the tax is paid by the extended due date of the return.
• B) The penalty rate for late filing penalties is less than the penalty rate for late payment penalties.
• C) If a taxpayer has not paid the full tax liability by the original due date of the return and the taxpayer has not filed a tax return by the due date of the return, the maximum late filing and late payment penalty will be no greater than the late filing penalty by itself.
• D) None of the choices are correct.

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Definitions:

Macrostructures

The overarching, large-scale structures in a society, economy, or other system that determine its characteristics and functioning.

Functionalism

A theoretical perspective in sociology and anthropology that interprets each part of society in terms of how it contributes to the stability and functioning of the whole.

Public Education System

A governmental provision of free education to the public, ensuring accessible education for children regardless of their social-economic background.

Functionalism

A theoretical framework that views society as a complex system whose parts work together to promote solidarity and stability.