The Late Payment Penalty Is Based on the Amount of Tax
The late payment penalty is based on the amount of tax owed and the number of days that the tax is not paid.The maximum amount of the penalty is unlimited.
Which of the following is not a taxpayer filing status for purposes of determining the appropriate tax rate schedule?
A)Head of household
B)Qualifying widow or widower
C)Married filing separately
E)All of these are taxpayer filing statuses
The taxable income levels in the married filing jointly tax rate schedule are ________ those in the married filing separately schedule.
A)the same as
C)half the amount of
D)none of the choices are correct
Linda is a qualifying widow in 2019.In 2019, she reports $80,000 of taxable income (all ordinary).What is her gross tax liability using the tax rate schedules? (Tax rate schedules.)