Menu
support@graduatecourseshelp.com
+1(805) 568 7317

krete rsquo s 2006 income tax liability was 16 500 when she timely filed her return 624661

Krete, an unmarried taxpayer, had income exclusively from wages. By December 31, 2006, Krete’s employer had withheld $16,000 in federal income taxes and Krete had made no estimated tax payments. On April 15, 2007, Krete timely filed an extension request to file her individual tax return and paid $300 of additional taxes. Krete’s 2006 income tax liability was $16,500 when she timely filed her return on April 30, 2007, and paid the remaining income tax liability balance. What amount would be subject to the penalty for the underpayment of estimated taxes?

  1. $0
  2. $ 200
  3. $ 500
  4. $16,500

"Order a similar paper and get 15% discount on your first order with us
Use the following coupon
"GET15"

Order Now