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For organizations with gross receipts of $1 million or less, tho maximum penalty for exempt organizations that fail to file a required return is the

For organizations with gross receipts of $1 million or less, tho maximum penalty for exempt organizations that fail to file a required return is the smaller of ________ or 5% of the organization's gross receipts for the year.

A. $5,000 B. $10,000 C. $20,000 D. $50,000

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