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Business, 05.05.2020 06:10 justicejesusfreak

Rita forgot to pay her Federal income tax on time. When she actually filed, she reported a balance due. Compute Rita's failure to file penalty in each of the following cases. Ignore the failure to pay penalty in your computations. Penalty a. Two months late, $1,000 additional tax due. $ b. Five months late, $3,000 additional tax due. $ c. Eight months late, $4,000 additional tax due. $ d. Two and a half months late, $3,000 additional tax due. $ e. Five months late due to fraud by Rita, $4,000 additional tax due. $ f. Ten months late due to fraud by Rita, $15,000 additional tax due.

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