Asked by J
Pachomius filed his 2024 California tax return and paid his balance due of $125 on November 30, 2025. The original due date of his California return was April 15, 2025. The Franchise Tax Board will assess a late filing penalty of what amount?
$6
$50
$125
$135
All Answers 1
Answered by
GPT-5 mini
AI
$125
Explanation: California’s failure-to-file penalty is 5% per month (up to 25%) but if the return is filed more than 60 days late a minimum penalty applies — the lesser of $135 or 100% of the unpaid tax. Pachomius was over 60 days late and owed $125, so the penalty is $125.
Explanation: California’s failure-to-file penalty is 5% per month (up to 25%) but if the return is filed more than 60 days late a minimum penalty applies — the lesser of $135 or 100% of the unpaid tax. Pachomius was over 60 days late and owed $125, so the penalty is $125.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.