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Assume Georgianne underpaid her estimated tax liability by $150 in the first quarter, $500 in...

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Accounting

Assume Georgianne underpaid her estimated tax liability by $150 in the first quarter, $500 in the second quarter, $400 in the third quarter, and $200 in the fourth quarter. Calculate her underpayment penalty for the year, assuming the federal short-term interest rate is 5 percent

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