Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Sheena Maskell Sheena Maskell
wrote...
Go to Answer
Posts: 1902
Rep: 44 0
7 years ago
Frederick failed to file his 2009 tax return on a timely basis. In fact, he filed his 2009 income tax return on October 31, 2010, (the due date was April 15, 2010) and paid the amount due at that time. He failed to make timely extensions. Below are amounts from his 2009 return:
   Taxable income   $120,000
   Total tax liability on taxable income   28,346
   Total tax withheld from his salary   25,000

Frederick sent a check for $3,346 in payment of his liability. He thinks that he has met all of his financial obligations to the government for 2009. For what additional amounts may Frederick be liable assuming any applicable interest rate is 6%?
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
Read 136 times
2 Replies
Replies
Answer verified by a subject expert
MsLippyMsLippy
wrote...
#1
Top Poster
Posts: 1848
Rep: 64 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 250 words.
1

Related Topics

Sheena M. Author
wrote...
#2
7 years ago
Perfect Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1112 People Browsing
 138 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 319
  
 581
  
 249
Your Opinion
Previous poll results: Who will win the 2024 president election?