QUESTION 67 The penalty imposed on tax preparers for preparing a return in which the tax preparer intentionally disregards the rules and regulations is: the greater of $5,000 or 75% of the income derived (or to be derived) from the return. the lesser of $5,000 or 75% of the income derived (or to be derived) from the return. the greater of $1,000 or 50% of the income derived (or to be derived) from the return. the lesser of $1,000 or 50% of the income derived (or to be derived) from the return. None of the above.