The failure to file penalty is ________ of the tax shown on the return for each month (or fraction of a month) the tax return is not filed, up to a maximum of 25%.

A. 5.0%
B. 5.5%
C. 0.5%
D. 0.25%


Answer: A

Business

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On January 2, 2014, Sanders Corporation granted stock options to key employees for the purchase of 60,000 shares of the company's common stock at $25 per share. The options are intended to compensate employees for the next two years. The options are exercisable within a four-year period beginning January 1 . 2016, by grantees still in the employ of the company. The fair value of the option

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Answer the following statement true (T) or false (F)

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