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For its 2011 taxation year, its first year of operation, PS Swim Inc.filed its return three months late.The unpaid tax at the due date for the return was $2,500.This amount was not paid until the return was filed.What would its penalty be?
Exploiting
Utilizing resources or situations to gain an advantage, often unfairly or unethically.
Equity
The concept of fairness and justice within the economic practices, including the distribution of wealth, opportunities, and access to resources.
Post Hoc, Ergo Propter Hoc
A logical fallacy that implies that if one event follows another, then the first event must have caused the second.
Fallacy Of Composition
The misconception that what is true for an individual or part will also be true for the whole or the group.
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