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For Its 2020 Taxation Year, Its First Year of Operation

Question 79

Multiple Choice

For its 2020 taxation year, its first year of operation, PS Swim Inc. filed its return three months late. The unpaid tax at the due date for the return was $2,500. This amount was not paid until the return was filed. What would its penalty be?


A) Nil.
B) $75.
C) $125.
D) $200.
E) $500.

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