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Jennie Received a 6-Month Extension (ToOctober 15, 2021)tofile Her 2020

question 21

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Jennie received a 6-month extension (toOctober 15, 2021) tofile her 2020 tax return. Jennie actually filed the return on November 20, 2021, paying the $20,000 amount due at that time. She has noreasonable cause for failing tofile the return by October 15 or for failing topay the tax that was due on April 15, 2021. How much is the failure-to-pay penalty?


Definitions:

Public-Works Projects

Infrastructure projects funded and implemented by the government for public use and benefit, such as roads, bridges, and water treatment facilities.

Categorical Grant

Financial grants given by the federal government to state and local governments for specific purposes, often with strict conditions attached.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s, in response to the Great Depression.

Marble Cake Federalism

A model of federalism where government functions and responsibilities are intermixed among the national, state, and local governments, in contrast to clearly divided layers or levels.

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