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Rita files her income tax return 60 days after the due date of the return without obtaining an extension from the IRS. Along with the
Rita files her income tax return 60 days after the due date of the return without obtaining an extension from the IRS. Along with the return, she remits a check for $130,000, which is the balance of the tax she owes.
Note: Assume 30 days in a month.
Disregarding the interest element, enter Rita's failure to file penalty and failure to pay penalty.
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