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Determine the amount of the late filing and late payment penalties that apply for the following taxpayers. b. Oscar filed his tax return and paid
Determine the amount of the late filing and late payment penalties that apply for the following taxpayers.
b. Oscar filed his tax return and paid his $3,000 tax liability seven months late.
105 1050 750
c. Wilfred, attempting to evade his taxes, did not file a tax return or pay his $10,000 in taxes for several years.
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