Identify Which of the Following Statements Is True

question 10

Multiple Choice

Identify which of the following statements is true.

• A)The failure-to-pay penalty is waived if the additional tax due with the filing of the extended return does not exceed 15% of the tax owed for the year.
• B)If both the failure-to-file and the failure-to-pay penalties are owed, the taxpayer will incur a maximum addition to tax of 5.5% per month.
• C)Individuals having substantial income from sources not subject to regular withholding generally should make quarterly estimated tax payments to the IRS.
• D)All of the above are false.

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Definitions:

Psychologist

A professional expert in psychology, dedicated to studying, understanding, and explaining thoughts, emotions, and behaviors.

Genu Varum

A condition where the legs are bowed outward at the knees, which can be normal in infants and toddlers or indicate underlying problems in older children and adults.

Legs Bent Outward

A posture where the legs are positioned away from the midline, typically while lying or sitting down.

Knee

A joint in the human body where the thigh bone meets the shin bone, allowing for movement like walking and jumping.