Which of the Following Statements Regarding Late Filing Penalties And/or

question 57

Multiple Choice

Which of the following statements regarding late filing penalties and/or late payment penalties is true?

• A) An extension of time to file the tax return protects a taxpayer from late payment penalties as long as the tax is paid by the extended due date of the return.
• B) The penalty rate for late filing penalties is less than the penalty rate for late payment penalties.
• C) If a taxpayer has not paid the full tax liability by the original due date of the return and the taxpayer has not filed a tax return by the due date of the return, the maximum late filing and late payment penalty will be no greater than the late filing penalty by itself.
• D) None of the above

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Definitions:

Boys And Girls

Terms that denote male and female children or young people, respectively.

First Menstruation

Also known as menarche, it signifies the onset of menstruation in individuals, marking a significant point in the transition from childhood to womanhood.

Adolescent Development

The phase of growth and change that occurs between childhood and adulthood, encompassing physical, psychological, and social development.

Menarche

The first occurrence of menstruation in a female, marking the onset of reproductive capability.