Question: Problem 12-4 (Algorithmic) Interest and Penalties (LO 12.3) In the 2018 tax year, Michelle paid the following amounts relating to her 2016 tax return: Tax

Problem 12-4 (Algorithmic) Interest and Penalties (LO 12.3) In the 2018

Problem 12-4 (Algorithmic) Interest and Penalties (LO 12.3) In the 2018 tax year, Michelle paid the following amounts relating to her 2016 tax return: Tax deficiency Negligence penalty $4,700 940 470 235 Interest Underpayment of estimated tax penalty Which of the above items may be deducted on Michelle's 2018 individual income tax return? $0 $235 $4,700 $5,405 $6,345

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