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A taxpayer is operating a sole proprietorship and pays ten different laborers on a contract basis a total of $ 2 4 , 0 0

A taxpayer is operating a sole proprietorship and pays ten different laborers on a contract basis a total of $24,000 during the year. He pays cash "under the table" and doesn't issue any Form(s)1099-MISC for this work. Which of the following penalties would most likely apply to this decision?

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