Mr and Mrs

question 70

Multiple Choice

Mr. and Mrs. Chung filed their unextended 2014 Form 1040 on May 30, 2015, and had no reasonable cause for the delinquency. The return showed a $10,479 balance of tax due. Compute the Chungs' late-filing and late-payment penalty.

• A) $524
• B) $1,048
• C) $2,620
• D) None of the above

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Definitions:

Nutritional Consumption

The intake and use of food and substances for body growth, health, and maintenance.

Ethnic Gloss

Use of an ethnic label such as African American or Latino in a superficial way that portrays an ethnic group as being more homogeneous than it really is.

Ethnic Label

A term used to identify or categorize individuals based on their ethnicity or cultural heritage.

Homogeneous

Consisting of parts or elements that are all of the same kind; not heterogeneous or mixed.