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Mr Beale Prepared and Signed His 2012 Tax Return on April

question 57

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Mr. Beale prepared and signed his 2012 tax return on April 3, 2013. However, he carelessly forgot to mail the return until May 19. He enclosed his check for the $11,940 balance of tax due with the return. Compute Mr. Beale's late-filing and late-payment penalty.


Definitions:

Potentiometer

A variable resistor with a sliding contact that is used as a voltage divider.

Composition Carbon

A resistor type made from compressed carbon or graphite mixture, known for its stability and reliability in a range of electrical applications.

Carbon Graphite

A form of carbon characterized by its crystalline structure, used in various applications like electrodes, lubricants, and as a reinforcing material.

Resin Bonding

A technique involving the adhesion of materials using a synthetic or natural resin to bind components together.

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