Quon Filed an Amended Return, Claiming a $100,000 Refund

question 37

Short Answer

Quon filed an amended return, claiming a $100,000 refund. The IRS disallowed the refund, and it can assess a penalty if there was no reasonable basis of support for the refund claim, in the amount of
________________% of the disallowed amount.

---

Definitions:

Positive

Refers to a value greater than zero, often indicating a favorable condition or result.

Negative

In mathematics or statistics, indicating a value less than zero or having a detrimental effect in a specific context.

Regression Model

A statistical technique that models and analyzes the relationships between a dependent variable and one or more independent variables.

Dependent Variable

The variable in an experiment or model that is expected to change in response to changes in the independent variable.