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Practice Question $2$

A taxpayer who underpays their tax due to negligence or disregard of the rule subject to a penalty of $$

$0\mathrm{.}5\%$ of the unpaid tax for each month or part of a month after the due da

$5\%$ of the unpaid tax for each month the tax is owed.

$10\%$ of the correct tax or $$5,000,$ whichever is larger.

$20\%$ of the underpayment.