Failure to furnish a correct TIN to a requester $($payer$)$ can result in a penalty for the payee of$.$

Multiple Choice

$$0$; it is the responsibility of the payer $($requester$)$ to have the correct information.

$$25$ for each failure to complete a W$-9.$

$$50$ for each failure to complete a W$-9.$

$$500$ maximum for failure to complete any W $-9$ forms as required.