Question

Oregon's failure to file penalty is:

a. 20% of the unpaid tax.
b. 20% of your AGI.
c. 5% of the unpaid tax.
d. 5% of your AGI.

Answer 1

Oregon's failure to file penalty is 5% of the unpaid tax each month, not based on AGI.

Step-by-step explanation:

The correct answer to the question of what Oregon's failure to file penalty is: c. 5% of the unpaid tax each month or part of a month the return is late. The penalty begins accruing the day after the tax filing due date and will increase up to 25% of the unpaid tax. It's important to note that this penalty is based on the unpaid tax, not your adjusted gross income (AGI).