Gene Files His Tax Return 45 Days After the Due

question 12

Multiple Choice

Gene files his tax return 45 days after the due date.Along with the return,Gene remits a check for $40,000 which is the balance of the tax owed.Disregarding the interest element,Gene's total failure to file and to pay penalties are:

• A)$400.
• B)$2,000.
• C)$3,600.
• D)$4,000.
• E)$4,400.