Question

Summarizing Non-payment Penalties

Use the drop-down menu to complete the statements.
Failure to pay taxes on time may result in
Tax payments may be collected through
until the taxes are paid in full.
Tax evasion or fraud may result in
and interest will accumulate on the unpaid balance

Answer 1

Use the drop-down menu to complete the statements.Failure to pay taxes on time may result in imprisonmentjob loss✔ penalty fees.Tax payments may be collected through sale of property✔ wage garnishmentfamily members and interest will accumulate on the unpaid balance until the taxes are paid in full. Tax evasion or fraud may result in ✔ imprisonmentjob lossproperty loss.

Step-by-step explanation:

Answer 2

1. Failure to pay taxes on time may result in **penalties** such as fines, extra charges, or interest on the amount due.

2. Tax payments may be collected through **garnishment of wages or seizing of assets** until the taxes are paid in full.

3. Tax evasion or fraud may result in **criminal charges, potential jail time, and hefty financial penalties**.

4. Interest will accumulate on the unpaid balance if taxes are not paid by the due date, which **increases the total amount that the taxpayer owes over time**.