A tax preparer was negligent in the preparation of a clients tax return. The client paid $600 in tax preparation fees. If the IRS assesses a penalty on the preparer, what would be the amount?

		$300
		$600
		$1,000
		$1,200
		$2,000

QUESTION 2

1. The Medicare component of the FICA tax is imposed on

   		The employer only.
   		All of the employees wages.
   		The employee only.
   		The employees wages up to an annual limit.