2 Conner's tax return for two years ago was supposed to be filed by April 30th of last year. Conner did not file the return until September 13th of this year. At that time, he owed $14,200 in taxes. How much of a late-filing penalty will Conner incur? a) $710 Ob) $1,704 c) $2,414 d) $3,124

2 Conner's tax return for two years ago was supposed to be filed by April 30th of last year. Conner did not file the return until September 13th of this year. At that time, he owed $14,200 in taxes. How much of a late-filing penalty will Conner incur? a) $710 Ob) $1,704 c) $2,414 d) $3,124

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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Question

2
Conner's tax return for two years ago was supposed to be filed by April 30th of last year. Conner did
not file the return until September 13th of this year. At that time, he owed $14,200 in taxes. How
much of a late-filing penalty will Conner incur?
a) $710
b) $1,704
c) $2,414
Od) $3,124

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