Compute the overvaluation penalty for each of the following independent cases involving the taxpayer's reporting of the fair market value of charitable contribution property.In each case,assume a marginal Federal income tax rate of 35%.

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The Answer of Compute the overvaluation penalty for each of the following independent cases involving the taxpayer's reporting of the fair market value of charitable contribution property.In each case,assume a marginal Federal income tax rate of 35%.

Compute the Overvaluation Penalty for Each of the Following Independent