If Brad Files His Last Year's Individual Tax Return on July

question 30

Multiple Choice

If Brad files his last year's individual tax return on July 5 of the current year after having requested an extension, what is the amount of his failure-to-pay penalty if his total tax is $10,000 and he paid $9,500 through timely withholding and $500 with the return?

• A)$0
• B)$6
• C)$60
• D)none of the above

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Definitions:

Taft-Hartley Act

A 1947 federal law that restricted the activities and power of labor unions in the United States.

Right-to-work Laws

Laws that prohibit agreements between labor unions and employers making membership or payment of union dues or fees a condition of employment.

Labor Strikes

Work stoppages initiated by employees to protest against policies or conditions imposed by employers.

Resistance Point

In negotiations, it is the lowest point of agreement that a party is willing to accept before walking away from the negotiation table.