John Doe, a calendar year taxpayer, filed his 2006 income tax return-on October 10, 2007,paying...
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Accounting
John Doe, a calendar year taxpayer, filed his 2006 income tax return-on October 10, 2007,paying an amount due of $l,000. On April 2, 2007 John filed an automatic extension of time in which to file the return. No other extensions were filed. Determine how much of a penalty John must pay.
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