Gerald Requests an Extension for Filing His Last Year's Individual

question 12

Multiple Choice

Gerald requests an extension for filing his last year's individual income tax return. His tax liability is $10,000, of which $8,000 was withheld, leaving a balance due of $2,000 when he files on August 1 of the current year. His penalty for failure to pay the tax on time is

• A)$0.
• B)$40.
• C)$300.
• D)$400.

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Definitions:

Factory Floor Manager

A professional responsible for supervising the operations and workers on the manufacturing floor.

Management Pipeline

A concept used to describe the framework within an organization for identifying, developing, and nurturing employees to ensure leadership succession.

Coaching Effort

The dedication and work put into guiding, instructing, or training individuals or teams to enhance their skills or achieve specific goals.

Management Development

The process of preparing managers and potential managers to meet the challenges and responsibilities of leadership roles within an organization.