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Flinstone filed his Federal income tax return on time but did not remit the balance due. Compute Flinstone's failure to pay penalty in each of
Flinstone filed his Federal income tax return on time but did not remit the balance due.
Compute Flinstone's failure to pay penalty in each of the following cases. The IRS has not issued a deficiency notice.
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Four months late, $3,000 additional tax due.
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Ten months late, $4,000 additional tax due.
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Five years late, $5,000 additional tax due.
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