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A revenue agent determined that Ms. Osaka underpaid income tax by $48,600 and concluded that $9,700 was caused by inadequate record keeping while the remainder

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A revenue agent determined that Ms. Osaka underpaid income tax by $48,600 and concluded that $9,700 was caused by inadequate record keeping while the remainder was caused by an understandable misapplication of a complex rule of law. Required: Compute the negligence penalty that the revenue agent can impose on Ms. Osaka

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