1. If Trina requests an extension to file her tax return, the latest she could file her return without penalty is: A. September 15th B. October 15th C. August 15th D. November 15th E. none of these 2. If Joe requests an extension to file her tax return, the latest she could pay her tax due without penalty is: A. April 15th B. October 15th C. August 15th D. November 15th E. None of these

1. If Trina requests an extension to file her tax return, the latest she could file her return without penalty is: A. September 15th B. October 15th C. August 15th D. November 15th E. none of these 2. If Joe requests an extension to file her tax return, the latest she could pay her tax due without penalty is: A. April 15th B. October 15th C. August 15th D. November 15th E. None of these

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A married couple, both of whom are under 65 years old, decided to file as married filing separately. One of the spouses is going to itemize deductions instead of taking the standard deduction. What is the standard deduction permitted to the other spouse when she files her tax return?
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Max, a self-employed taxpayer, did not have all the information he needed to timely file his 2021 tax return by April 18, 2022. Although he requested an automatic extension, he did not include a payment when he filed the extension. He then filed his return ten days later, on April 28, 2022, reporting a $1,150 balance due. Which, statement is correct regarding the failute-to-file and failure-to-pay penalties?
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Question 11 In 2021, Santana's tentative minimum tax is $24,500 and her regular tax liability is $27,000. What is her alternative minimum tax? a. So O b. $2,500 O c. $24,500 O d. $27,000 Question 9 In 2021, Tanya and Bob are both 26 years old and they have one qualifying child. Their filing status is married fling joint, and nether are claimed as a dependent on another's return. All of their income ($28,000) is from wages earned working at their jobs. They do not have any for AGI deductions. What amount can Tanya and Bob claim as an earned income tax credit in 2021? O a. $0 Ob. $404 Oc$3,214 d. $3,618 Oe. None of the above Moving to another question will save this response. Evan and his wife, Jolie, have two daughters who are both considered their qualifying children. Evan and Jolie file a joint return. What is the total amount of child tax credit will they be able to claim in 2021 if their AGI is $170,000 and their daughters are 4 and 77 Hint: Select the total of the Child Tax Credit…
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Jolene filed her tax return by its original due date but did not pay the $1,700 in taxes she owed with the return until one and a half months later. Determine the amount of the late filing and late payment penalties that apply.
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If an individual taxpayer is unable to file a tax return by its original due date, the tax payer can be request an automatic 9 month extension to file the return. True or False?