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Problem 17-21 (Algorithmic) (LO. 6) Wade filed his Federal income tax return on time but did not remit the balance due. Enter Wade's failure
Problem 17-21 (Algorithmic) (LO. 6) Wade filed his Federal income tax return on time but did not remit the balance due. Enter Wade's failure to pay penalty in each of the following cases. If required, round your final answers to the nearest dollar. Penalty a. Four months late, $9,200 additional tax due. b. C. Ten months late, $12,880 additional tax due. Five years late, $14,720 additional tax due.
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