Mr Fiocchi Filed His Unextended 2011 Form 1040 on July

question 5

Multiple Choice

Mr. Fiocchi filed his unextended 2011 Form 1040 on July 22, 2012, and had no reasonable cause for the delinquency. The return showed a $1,906 overpayment of tax (refund due) . Compute Mr. Fiocchi's late-filing and late-payment penalty.

• A) -0-
• B) $191
• C) $286
• D) $381

Understand the methodologies and findings of memory studies.

Identify factors that influence memory recall and recognition.

Differentiate between types of memories, such as flashbulb, autobiographical, and eyewitness memories.

Recognize the influence of emotions, distinctiveness, and rehearsal on memory retention.

---

Definitions:

Sole Proprietor

An individual who owns and operates a business alone, bearing unlimited liability for the business's debts and obligations.

Ease Of Formation

The relative simplicity or complexity involved in establishing a new company or business entity.

Treasury Department

A government's division responsible for managing its finances, including producing currency, collecting taxes, and managing the national debt.

Controller

The executive in charge of the accounting function in most companies. The controller generally reports to the CFO.