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    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 Any Portion
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The IRS Can Impose a ________ Penalty on Any Portion

Question 99

Question 99

Multiple Choice

The IRS can impose a ________ penalty on any portion of understatement of tax that is attributable to fraud.


A) 25%
B) 5%
C) 75%
D) 50%

Correct Answer:

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