Mr Fiocchi Filed His Unextended 2014 Form 1040 on July

question 69

Multiple Choice

Mr. Fiocchi filed his unextended 2014 Form 1040 on July 22, 2015, 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

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Definitions:

The Poor

Individuals or groups who lack the financial resources to meet a standard of living considered normal or comfortable in their society.

Social Class Ladder

A system of social stratification based on income, wealth, education, and occupation, which affects individuals' opportunities and social status.

Intersection

A concept often used in sociology to describe the ways in which social categories such as race, gender, and class interact on multiple and often simultaneous levels, contributing to systematic social inequality.

Race And Class

Intersecting social categorizations that significantly impact an individual's life experiences, opportunities, and interactions within societal structures.