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For anyone with an income above $ 1 2 0 , 0 0 0 , the chances of an IRS audit of the person's tax

For anyone with an income above $120,000, the chances of an IRS audit of the person's tax return is 2% per year. For a taxpayer in the stated income bracket - Over a 25-year period, what is the probability of taxpayer is audited 2 times? (Assume each year is independent.)

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