Which of the Following Statement(s)concerning Estimated Tax Payments and Underpayment

question 137

Multiple Choice

Which of the following statement(s) concerning estimated tax payments and underpayment penalties for individuals is (are) true?

• A)Whether taxpayers are subject to underpayment penalties is determined on a quarterly basis.
• B)Due dates for estimated tax payments for a given year are April 15,June 15,September 15 of that year and January 15 of the next year unless these dates fall on a weekend or a holiday.
• C)The amount of penalty depends on the amount of the underpayment among other factors.
• D)All of these statements are true.

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Definitions:

Probable Cause

Any essential element and/or standard by which a lawful officer may make a valid arrest, conduct a personal or property search, or obtain a warrant.

Arrest Warrant

A document issued by a judge or magistrate that authorizes the arrest and detention of an individual.

Reasonable Suspicion

A standard used in criminal procedure that allows law enforcement to initiate an investigation or make an arrest, based on specific and articulable facts that suggest criminal activity is afoot.

Criminal Fraud

The act of deliberately deceiving another individual or entity with the intention of causing damage, often financial.