Principles Of Taxation For Business And Investment Planning 2020 Edition
Principles Of Taxation For Business And Investment Planning 2020 Edition
23rd Edition
ISBN: 9781259969546
Author: Sally Jones, Shelley C. Rhoades-Catanach, Sandra R Callaghan
Publisher: McGraw-Hill Education
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Chapter 18, Problem 16AP

a.

To determine

Determine Ms. C’s penalty for understated tax liability of $17,000, if the correct tax liability for the year 2017 was $218,500.

b.

To determine

Determine Ms. C’s penalty for understated tax liability of $17,000, if the correct tax liability for the year 2017 was $142,900.

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