Upon audit of Ms. Evlyn Carlyle's 2017 Form 1040, the revenue agent determined that she understated...
Upon audit of Ms. Evlyn Carlyle's 2017 Form 1040, the revenue
agent determined that she understated her tax liability by
$19,600.
- Compute Ms. Carlyle's penalty for substantial understatement if her correct tax liability for 2017 was $219,800.
- Compute Ms. Carlyle's penalty for substantial understatement if her correct tax liability for 2017 was $144,200.
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Upon audit of Ms. Evlyn Carlyle's 2017 Form 1040, the revenue
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Be sure to provide the income tax calculation for line 44. Be
sure to answer all questions and fill in all lines that are
necessary.
HINT: AGI is 106,718. Taxable income is 67,418.
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