Answered: Abram failed to file his individual tax…

Abram failed to file his individual tax return by the required due date of April 15, 2024. He filed it on August 1, 2024 and owed tax of $3,300. How much is his failure to file penalty?

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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Abram failed to file his individual tax return by the required due date of April 15, 2024. He filed it on August 1, 2024 and owed tax of $3,300. How much is his failure to file penalty?

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