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Partnership XYZ has 10 partners and files its calendar-year return on September 25 of the following tax year without an extension of time for filing.

Partnership XYZ has 10 partners and files its calendar-year return on September 25 of the following tax year without an extension of time for filing. Compute the late-filing penalty. A $2,500 B $3,000 C $9,750 D $11,700

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