Part a: Linda filed her tax return 43 days late. The tax paid with the...
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Accounting
Part a:
Linda filed her tax return 43 days late. The tax paid with the return amounts to $3,000. What is Linda's total penalty for failure to file and failure to pay, assuming the failure to file is not fraudulent?
Answer: $300
Part b:
Using the same information as in Part a, what is Lindas total penalty if the tax return is 63 days late?
Answer: ???
Part c:
Kim underpaid her taxes by $10,000 due to negligence. What is Kim's penalty for negligence? Answer: $2000
Please help me find the answer to part b
(I know for a fact that the answer is not $500, $450, $435, or $530)
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