A Taxpayer Can Automatically Escape the Penalty for Underpayment of Taxes

question 85

Multiple Choice

A taxpayer can automatically escape the penalty for underpayment of taxes by

• A)owing less than $1,000 in taxes over and above the taxes withheld from wages.
• B)owing taxes in the previous year.
• C)having a casualty loss.
• D)none of the above

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Definitions:

Cloud-Based Service

A service made available to users on demand via the Internet from a cloud computing provider's servers.

Architectural Model

A scaled physical or digital representation of a structure used by architects to communicate design ideas and plan buildings.

Imaging Drum

A photosensitive drum located inside a toner cartridge; attracts laser toner particles.

Laser Printer

A type of printer that uses a laser beam to produce high quality text and graphics by repeatedly passing a laser beam back and forth over a negatively charged drum to define a differentially charged image.