Scott Files His Tax Return 65 Days After the Due

question 158

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

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Definitions:

Bromide Ion

The bromide ion is a negatively charged ion (Br-) that is formed when a bromine atom gains an electron.

Ionic Compound

A chemical compound composed of ions held together by electrostatic forces termed ionic bonding, generally formed between metal and non-metal ions.

Calcium

A soft gray alkaline earth metal, symbol Ca, essential for living organisms, particularly in cell physiology and bone formation.

Oxygen

Oxygen, a diatomic gas with the molecular formula O2, is critical for respiration in living organisms and supports combustion.