Failure to send payments for taxes by the date due results in interest charges. Interest is charged at the rate of 1.5% per month or 18% a year. Other Penalties Failure to send in the report by the due date results in a late file penalty of $25.00. In addition to other penalties provided by law, the failure of an employer to furnish wage and tax statements (W-2 forms) to the DOR by the due date must result in a $50 minimum penalty, or a $5 per W-2 penalty for each failure, whichever is greater.

For tax purposes, amounts the IRS may assess in addition to a tax deficiency and interest. The tax Code provides for penalties at various levels for infractions such as fraud, underpayment of estimated tax, late filing of a return, and late payment of tax.

For tax purposes, amounts that the IRS may assess at a statutory rate as an addition to a tax deficiency and interest. The tax Code provides for penalties for various infractions, such as underpayment of estimated tax, late filing of a return, late payment of tax, substantial understatement of tax, negligent or intentional disregard of rules, and fraud.

1. Punishment, corporeal or pecuniary, or civil or criminal, although its meaning is generally confined to pecuniary punishment for doing an act that is prohibited or failing to do one which is required. 2. The sum of money which the obligor of a bond undertakes to pay in the event of his failure to perform his obligations under the conditions of the bond.

Payments made by the buyer to the seller for violations of the terms of the cutting contract.

Are special assessments by Revenue Canada, due to violating (RRSP) Registered Retirement Savings Plan rules. Be Careful ask your financial advisor for advice, financial limits.

these are scored against a player who breaches a rule (see shido, chui, keikoku and hansoku).

Scores, or weights, used by programs in the computation of sequence alignments; such scores are normally supplied as parameters to the programs and thus may be modified by the user.

A way of deciding tied games. Each team nominates five penalty takers who alternate taking penalty kicks. If the two teams are still tied after each has taken five penalty kicks, they continue alternating in the same fashion until one team has a goal more than the other after both have taken the same number of kicks. The shots are taken in rounds up to five. If the teams are still tied, extra rounds of penalties are added to determine the winner.

a kick awarded by the referee, which is taken by one player, free from any other player involvement. This differs from the free kick in that it is aimed through the posts for three points.

The consequence for breaking the law.• Drugs• Regulatory Offences• Stalking• Traffic Offences (incl. minor traffic)

There is increasing convergence in the penalties that Member States apply for cross-border crimes, such as trafficking in drugs or human beings. ( See Judicial-criminal)

If the mortgage is paid out within the "term" of the mortgage, a penalty will apply on most mortgages. With fixed rate/convertible mortgages, the penalty is usually the greater of three months’ interest or the interest rate differential. VARIABLE RATE MORTGAGES also have a penalty which varies from lender to lender.

Penalties are not enforceable. A provision of a contract which professes to fix an amount to be paid as a penalty if it is designed to extract compensation that is greater than a genuine pre-estimate of loss may be considered a penalty.

Costs that may be incurred if the borrower repays the loan too early or switches between lenders.

A set charge that a lender may charge under certain circumstance for example on early repayment.

An airline penalty amount that may be charged when an exchange takes place

See Bonus.