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Please help (8 points) Compute the overvaluation penalty for each of the following independent cases involving the taxpayer's reporting of the fair market value of

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(8 points) Compute the overvaluation penalty for each of the following independent cases involving the taxpayer's reporting of the fair market value of charitable contribution property. In each case, assume a marginal Federal income tax rate of 35%. Taxpayer Corrected IRS Value Reported Value a. Individual $ 10,000 $ 20.000 b. C corporation 10.000 30.000 C. S corporation 10,000 30.000 d. Individual 100,000 175,000 e. Individual 100,000 250,000 f. C corporation 100,000 500.000

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