Mr. Beale prepared and signed his 2012 tax return on April 3, 2013. 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.

Question

Quizplus · Accepted Answer

The Answer of Mr. Beale prepared and signed his 2012 tax return on April 3, 2013. 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 2012 Tax Return on April