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Determine the amount of the late filing and late payment penalties that apply for the following taxpayers. Required: a . Jolene filed her tax return
Determine the amount of the late filing and late payment penalties that apply for the following taxpayers.
Required:
a Jolene filed her tax return by its original due date but did not pay the $ in taxes she owed with the return until one and a half months later.
b Oscar filed his tax return and paid his $ tax liability five months late.
c Wilfred, attempting to evade his taxes, did not file a tax return or pay his $ in taxes for several years.
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Jolene filed her tax return by its original due date but did not pay the $ in taxes she owed with the return until one and a half months later.
Late filing and late payment penalties
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