Loose Leaf for Principles of Taxation for Business and Investment Planning 2019 Edition
Loose Leaf for Principles of Taxation for Business and Investment Planning 2019 Edition
22nd Edition
ISBN: 9781260161472
Author: Sally Jones, Shelley C. Rhoades-Catanach
Publisher: McGraw-Hill Education
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Chapter 18, Problem 13AP

A revenue agent determined that Ms. Owen underpaid her income tax by $48,100 and concluded that $9,200 was caused by her inadequate record keeping while the remainder was caused by her understandable misapplication of a complex rule of law. Compute the negligence penalty that the revenue agent can impose on Ms. Owen.

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