Business

Louis Avila

9 July, 23:40

What happens if you fail to pay your annual taxes?

a.) you will simply have to pay some penalty fees

b.) you can file your return the next year

c.) you will have to pay penalty fees or face imprisonment, depending on the severity of nonpayment

d.) you will have to pay twice the amount of taxes the next year

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “What happens if you fail to pay your annual taxes? a.) you will simply have to pay some penalty fees b.) you can file your return the next ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

Using the principles and strategies of saving and investing, create a saving and investing plan. Remember, a saving and investing plan is an outline or list that names the types of savings or investments you will use.

Suppose that you are a saver with a choice of three financial assets that are identical in every way except their nominal interest rate and taxability.

The following transactions occur for Cardinal Music Academy during the month of October: a. Provide music lessons to students for $7,000 cash. b. Purchase prepaid insurance to protect musical equipment over the next year for $3,000 cash. c.

Which of the following is a law intended to eliminate discrimination in the workplace? a. Equal Pay Act of 1963 b. Age Discrimination Act of 1967 c. Rehabilitation Act of 1973 d. all of the above

A decrease in the inventory account during the year should be reported on the indirect method statement of cash flows as: a. An increase in cash flows from operating activities b. An increase in cash flows from investing activities c.

New Questions in Business

The following account balances were drawn from the financial statements of Grayson Company: Cash $ 5,000 Accounts payable $ 1,550 Accounts receivable $ 2,100 Common stock? Land $ 8,600 Retained earnings, Jan.

Quiz 1. If you maintain a good driving record, your car insurance company may reward you with

Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000.

How do advertising and publicity play a role when it comes to demand?

Assume a firm's resources and capabilities are costly to imitate. This is because rival companies do not clearly understand the relationship between the resources and capabilities controlled by the firm.