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Without Obtaining an Extension, Pam Files Her Income Tax Return

Question 44

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Without obtaining an extension, Pam files her income tax return 55 days after the due date. With her return, she pays an additional tax of $60,000. Disregarding any interest element, what is Pam's penalty for failure to pay and to file?

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$6,000. Disregarding the interest elemen...

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