On August 13 of the Following Year, Joy Files Her

question 54

Essay

On August 13 of the following year, Joy files her current calendar-year tax return and pays the amount due without having requested an extension. The tax shown on her return is $25,000. Her current-year withholding tax is $15,000. Joy pays no estimated taxes and does not claim any tax credits on her current-year return. Calculate the penalties that the IRS is likely to assess. Ignore the penalty for underpayment of estimated taxes. Assume she did not commit fraud.

---

Definitions:

Braden Scale

A tool used by healthcare professionals to predict the risk of developing pressure ulcers by assessing factors such as mobility and moisture.

Eviscerates

Refers to the removal or protrusion of internal organs through a wound or surgical incision.

Monitor for Shock

The process of observing and assessing for signs and symptoms of shock, a life-threatening condition resulting from inadequate blood flow to parts of the body.

Calcium Alginate

A biodegradable polymer extracted from seaweed, used in wound dressings to absorb exudate and maintain a moist environment.