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Henry filed his Federal income tax return on time but did not remit the balance due. Enter Henry's failure to pay penalty in each of
Henry filed his Federal income tax return on time but did not remit the balance due. Enter Henry's failure to pay penalty in each of the following cases, assuming no deficiency assessment has been received from the IRS. Penalty a. 64 months late, $84,000 additional tax due. b. Three years late, $120,000 additional tax due. C. Seven years late, $6,000 additional tax due
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