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$24,000 of taxes in the form of wage withholding and estimated taxes. Collin files his...

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Question

Accounting

$24,000 of taxes in the form of wage withholding and estimated taxes. Collin files his current year return and pays the balance of the taxes due on July 21 of the following year.
Requirement
What penalties will Collin owe if his current year tax is $28,000? $26,000?(Complete all input fields. Enter a 0 if there is no penalty.)
\table[[Penalty,\table[[if Collin's tax is],[$28,000]],\table[[if Collin's tax is],[$26,000]]],[Underpaying estimated tax,,],[Failure-to-file,,],[Failure-to-pay tax,,],[,,]]
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