Julian Filed a Valid Extension for His 2020 Tax Return

question 51

Multiple Choice

Julian filed a valid extension for his 2020 tax return, giving him until October 15, 2021, tofile his return. He filed his return on November 30 and paid $1,000 of tax due.  For what period of time will Julian be subject tothe failure-to-file and failure-to-pay penalties?

• A)2 months for both
• B)2 months for failure tofile and 8 months for failure topay
• C)8 months for both
• D)None of the above.

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Definitions:

Lower South

The Lower South refers to the southernmost states of the Confederacy during the American Civil War, including South Carolina, Georgia, Florida, Alabama, Mississippi, Louisiana, and Texas, known for their deep reliance on agriculture and slavery.

Slave Revolts

Uprisings and rebellions carried out by enslaved people against their conditions and overseers, aiming for freedom or retaliation against oppression.

West Indies

A region in the Caribbean Sea consisting of many islands divided into three main island groups: the Bahamas, the Greater Antilles, and the Lesser Antilles.

Brazil

The largest country in South America, known for its diverse culture, rainforests, and as the host of the world-famous Carnival festival.