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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
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, $10,950 additional tax due. $ b. Ten months late, $15,330 additional tax due. C. Five years late, $17,520 additional tax due.
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