Mr and Mrs Chung filed their unextended 2017 Form 1040 on May 30, 2018, and had no reasonable cause for the delinquency. The return showed a $10,479 balance of tax due. Compute the Chungs' late-filing and late-payment penalty.
A) $524
B) $1,048
C) $2,620
D) None of the above
Correct Answer:
Verified
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