Question - Jim received a six-month extension (to October 15, 2014) to file his 2013 tax return. Jim actually filed the return on October 20, 2014, paying the $20,000 amount due at that time. He has no reasonable cause for failing to file the return by October 15 or for failing to pay the tax that was due on April 15, 2014. Compute the failure-to-pay and failure-to-file penalties.