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OpenStudy (anonymous):
Barr fails to make a timely deposit of FICA taxes and withheld income taxes until five days after the due date. The penalty facing Barr is: A) 2% of the undeposited taxes. B) 5% of the undeposited taxes. C) 10% of the undeposited taxes. D) 25% of the undeposited taxes. E) none of the above.
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