Mr Beale prepared and signed his 2017 tax return on April 3, 2018. However, he carelessly forgot to mail the return until May 19. He enclosed his check for the $11,940 balance of tax due with the return. Compute Mr Beale's late-filing and late-payment penalty.

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The Answer of Mr Beale prepared and signed his 2017 tax return on April 3, 2018. However, he carelessly forgot to mail the return until May 19. He enclosed his check for the $11,940 balance of tax due with the return. Compute Mr Beale's late-filing and late-payment penalty.

Mr Beale Prepared and Signed His 2017 Tax Return on April