Which of the Following Statements About Estimated Tax Payments and Underpayment

question 64

Multiple Choice

Which of the following statements about estimated tax payments and underpayment penalties is true for individual taxpayers?

• A)Taxpayers who have paid their full tax liability by the original tax return due date are protected from underpayment penalties.
• B)Taxpayers who have paid their full tax liability by the extended tax return due date are protected from underpayment penalties.
• C)Taxpayers who have uneven income streams can pay estimated tax quarterly in uneven amounts and not be susceptible to underpayment penalties.
• D)Taxpayers who have paid their required amount of estimated tax, even though not on time, are protected from underpayment penalties.

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Definitions:

Barack Obama

The 44th President of the United States, serving from 2009 to 2017, known for being the first African American to hold the office.

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor, reflecting how one feels about, thinks about, and behaves toward some aspect of the environment.

Motivating

The process of stimulating someone to act in a way that achieves a desired outcome.

Dual Attitudes

Different evaluations of the same attitude object held by the same person (perhaps one deliberate, the other automatic).