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Charles files his tax return 50 days after the due date. Along with the return,...

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Accounting

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Charles files his tax return 50 days after the due date. Along with the return, Charles remits a check for $50,000 which is the balance of the tax owed. Disregarding the interest element, Charles' total failure to file and to pay penalties are: Oa. $500 Ob. $4,500 Oc. $4,000 Od. $5,000

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