Principles of Taxation for Business and Investment Planning 2020 Edition
Principles of Taxation for Business and Investment Planning 2020 Edition
23rd Edition
ISBN: 9781260433210
Author: Jones, Sally
Publisher: MCGRAW-HILL HIGHER EDUCATION
Question
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Chapter 18, Problem 17AP

a.

To determine

Determine Mr. S’s penalty for understated tax liability of $4,300, if the correct tax liability for the year 2017 was $40,800.

b.

To determine

Determine Mr. S’s penalty for understated tax liability of $4,300, if the correct tax liability for the year 2017 was $69,700.

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