Which of the Following Statements Regarding Late Filing Penalties And/or

question 134

Multiple Choice

Which of the following statements regarding late filing penalties and/or late payment penalties is true?

• A)An extension of time to file the tax return protects a taxpayer from late payment penalties as long as the tax is paid by the extended due date of the return.
• B)The penalty rate for late filing penalties is less than the penalty rate for late payment penalties.
• C)If a taxpayer has not paid the full tax liability by the original due date of the return and the taxpayer has not filed a tax return by the due date of the return, the maximum late filing and late payment penalty will be no greater than the late filing penalty by itself.
• D)None of the choices are correct.

---

Definitions:

Generous Person

An individual characterized by a readiness to give more of something, as money or time, than is strictly necessary or expected.

External Attribution

The process of attributing the cause of one's own or another's behavior to external factors or situations beyond one's control.

Consensus Information

Information agreed upon by a group, often used in decision-making or predictions.

Stereotypes

Oversimplified, generalized beliefs about a group of people that do not account for individual differences.