Scott Files His Tax Return 65 Days After the Due

question 111

Multiple Choice

Scott files his tax return 65 days after the due date.Along with the return,Scott remits a check for $50,000 which is the balance of the tax owed.Disregarding the interest element,Scott's total failure to file and to pay penalties are:

• A) $750.
• B) $6,000.
• C) $7,500.
• D) $8,250.
• E) None of the above.