Problem $18-21($Static$)[$LO $18-1,18-5]$

Mr$.$ Leon filed a $2021$ Form $1040$ on March $29,2022.$ In $2024,$ the IRS issued a notice of deficiency to Mr$.$ Leon, in which it assessed $$7,700$ of additional $2021$ income tax.

Required:

Compute the total amount that Mr$.$ Leon owes to the federal government assuming the annual interest rate $($underpayment rate$)$ throughout the $24-$month period between the required filing date and the payment date was $4$ percent. Ignore the effect of interest compounding.

Compute the total amount that Mr$.$ Leon owes to the federal government assuming the IRS imposed an accuracy$-$related penalty on the entire deficiency.

Compute the total amount that Mr$.$ Leon owes to the federal government assuming the IRS imposed a civil fraud penalty on the entire deficiency.