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  2. Topic
    Business
  3. Study Set
    Fundamentals of Taxation
  4. Exam
    Exam 2: Expanded Tax Formula, forms 1040A and 1040, and Basic Concepts
  5. Question
    The IRS Can Impose a ________ Penalty on the Tax
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The IRS Can Impose a ________ Penalty on the Tax

Question 79

Question 79

Multiple Choice

The IRS can impose a ________ penalty on the tax due on a return where there is negligence.


A) 5%
B) 75%
C) 20%
D) 25%

Correct Answer:

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