Shenutia filed her 2024 California tax return and paid her balance due of $825 on July 31, 2025. The original

Question

Shenutia filed her 2024 California tax return and paid her balance due of $825 on July 31, 2025. The original due date of her California return was April 15, 2025. The Franchise Tax Board will assess a late payment penalty of what amount?
 $41
 $58
 $166
 $206

GPT-5 mini · Answer

The late-payment penalty is 5% plus 0.5% for each month (or fraction) late. Payment on July 31, 2025 is 4 months (or fractions) after the April 15 due date, so penalty = 5% + 0.5%×4 = 7% of $825 = $57.75, rounded = $58.

Shenutia filed her 2024 California tax return and paid her balance due of $825 on July 31, 2025. The original due date of her California return was April 15, 2025. The Franchise Tax Board will assess a late payment penalty of what amount?
$41
$58
$166
$206

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Shenutia filed her 2024 California tax return and paid her balance due of $825 on July 31, 2025. The original due date of her California return was April 15, 2025. The Franchise Tax Board will assess a late payment penalty of what amount? $41 $58 $166 $206

All Answers 1

Submit Your Answer

Shenutia filed her 2024 California tax return and paid her balance due of $825 on July 31, 2025. The original due date of her California return was April 15, 2025. The Franchise Tax Board will assess a late payment penalty of what amount?
$41
$58
$166
$206