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Gene Files His Tax Return 45 Days After the Due

Question 12

Multiple Choice

Gene files his tax return 45 days after the due date.Along with the return,Gene remits a check for $40,000 which is the balance of the tax owed.Disregarding the interest element,Gene's total failure to file and to pay penalties are:


A) $400.
B) $2,000.
C) $3,600.
D) $4,000.
E) $4,400.

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