Permalink Reply Quote. $18.53 per hour. But to get a true cost you need to factor in the cost of your benifits the company pays for. In our local it is about $6.50 per hour for healthcare, pention and all others. That would put my true rate at about $25 an hour.
If you file your returns 60 days late the penalty is either $135 or 100 percent of the tax owed, whichever is smaller. There are no penalties for taxpayers who file late but owe no tax or are owed a refund.
You will probably face two types of penalties: one for not filing or efiling a tax return or extension on time, and one for not paying your taxes on time. The failure-to-file penalty is 5% of your balance due for every month (or part of a month) in which your taxes go unpaid.