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Problem 18-13 (Algo) [LO 18-5] A revenue agent determined that Ms. Osaka underpaid income tax by $49,900 and concluded that $11,000 was caused by inadequate
Problem 18-13 (Algo) [LO 18-5] A revenue agent determined that Ms. Osaka underpaid income tax by $49,900 and concluded that $11,000 was caused by inadequate record keeping while the remainder was caused by an understandable misapplication of a complex rule of law. Required: Compute the negligence penalty that the revenue agent can impose on Ms. Osaka. Accuracy-related penalty
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