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For its 2022 taxation year, its first year of operation, PS Swim Inc. filed its...

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Accounting

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For its 2022 taxation year, its first year of operation, PS Swim Inc. filed its income tax return three months late. The unpaid income tax at the due date for the return was $2,500. This amount was not paid until the income tax return was filed. What would its penalty be? a. $200. b. $500. C. Nil. d. \$175. e. \$125

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