Harrod underpaid her taxes for 2020 in the amount of $17,000, of which $9,500 is attributable to negligence. Harrod's negligence penalty is $fill in the blank 1. Assume the $9,500 is attributable to civil fraud instead of negligence. Harrod's fraud penalty is $fill in the blank 2

Exercise 7-19 (Algorithmic) (LO. 1) Last year, Aleshia identified $2,200 as a nonbusiness bad debt. In that tax year before considering the tax implications of the nonbusiness bad debt, Aleshia had $4,400 of taxable income, of which $1,540 consisted of short-term capital gains. This year, Aleshia collected $1,848 of the amount she had previously identified as a bad debt. Determine Aleshia's tax treatment of the $1,848 received in the current tax year. Aleshia includes of the collection as

ook Problem 6-37 (LO 6-1) Kelly is a self-employed tax attorney whose practice primarily involves tax planning. During the year, she attended a three-day seminar regarding new changes to the tax law. She incurred the following expenses: Lodging Meals Course registration Transportation $ 460 81 410 210 Required: a. How much can Kelly deduct? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. Kelly believes that obtaining a CPA license would improve her skills as a tax attorney. She enrolls as a part-time student at a local college to take CPA review courses. During the current year, she spends $1,800 for tuition and $360 for books. How much of these expenses can Kelly deduct? a. Total deduction: b. Deductible education expenses

A7