On his 2011 income tax return,James omitted income and overstated deductions to the extent that his income tax was understated by $300,000.Disregarding any interest element,what is James' penalty if the understatement was due to:

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The Answer of On his 2011 income tax return,James omitted income and overstated deductions to the extent that his income tax was understated by $300,000.Disregarding any interest element,what is James' penalty if the understatement was due to:

On His 2011 Income Tax Return,James Omitted Income and Overstated