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When a good is taxed, the burden of the tax

6) When a good is taxed, the burden of the tax falls mainly on consumers if: supply is elastic, and demand is inelastic.9 hours ago When a tax is imposed on a good, the equilibrium quantity of the good always decreases. When a good is taxed, the burden of the tax falls more heavily on the side of the market:…

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What happens if you pay quarterly taxes late

If you miss a quarterly tax payment, the penalties and interest charges that can accrue depend on how much you make and how late you are. The IRS typically docks a penalty of. 5% of the tax owed following the due date. The penalty limit is 25% of the taxes owed. Who pays quarterly estimated taxes? The person responsible for…

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How many stamps for tax return envelope

Affix the correct postage. Some tax returns include many forms and require additional postage. For First-Class letter-sized envelopes, one ounce is 55 cents and 15 cents for each additional ounce. A two-ounce letter-sized envelope is 70 cents.Jul 14, 2020 How much does it cost to mail a tax envelope? Affix the correct postage. Some tax returns include many forms and…

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Why is my tax return still being processed

As the return is processed, whether it was filed electronically or on paper, it may be delayed because it has a mistake including errors concerning the Recovery Rebate Credit, missing information, or suspected identity theft or fraud. If we can fix it without contacting you, we will.Nov 5, 2021 Why my tax return is taking so long? If you claim…

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