David files his tax return 45 days after the due date. Along with the return, David remits a check for $40,000 which is the balance of the tax owed. Disregarding the interest element, David's total failure to file and to pay penalties are:
A)$400.
B)$3,600.
C)$4,000.
D)$4,400.
E)None of these.

Question

David files his tax return 45 days after the due date. Along with the return, David remits a check for $40,000 which is the balance of the tax owed. Disregarding the interest element, David's total failure to file and to pay penalties are:​   
A)$400. 
B)$3,600. 
C)$4,000. 
D)$4,400. 
E)None of these.

Quizplus · Accepted Answer

The Answer of David files his tax return 45 days after the due date. Along with the return, David remits a check for $40,000 which is the balance of the tax owed. Disregarding the interest element, David's total failure to file and to pay penalties are:​   
A)$400. 
B)$3,600. 
C)$4,000. 
D)$4,400. 
E)None of these.

David Files His Tax Return 45 Days After the Due