Gerald Requests an Extension for Filing His Last Year's Individual

question 12

Multiple Choice

Gerald requests an extension for filing his last year's individual income tax return. His tax liability is $10,000, of which $8,000 was withheld, leaving a balance due of $2,000 when he files on August 1 of the current year. His penalty for failure to pay the tax on time is

• A)$0.
• B)$40.
• C)$300.
• D)$400.

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Definitions:

Self-Concept

An individual's perception of self, encompassing beliefs, feelings, and thoughts about one's abilities, appearance, and personality.

Complexity Of Play

The varied and multifaceted nature of play activities, reflecting different levels of cognitive, social, and physical engagement.

Erikson

Refers to Erik Erikson, a psychologist known for his theory on the psychological development of human beings across eight stages of life.

Industry

Refers to economic activity concerned with the processing of raw materials and manufacture of goods in factories, or a sector providing a specific service or product.