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ollegr [7]
2 years ago
4

Craig commits fraud on his tax return. it is found that he was $40,000 deficient in his tax because of the fraud. what would his

penalty be?
a. $30,000

b. $0

c. $40,000

d. $500
Business
1 answer:
Free_Kalibri [48]2 years ago
5 0

The criminal fraud tax penalty is 75% of the money deficiency attributable to the fraud. Since the fraud deficient committed by Craig amounts to $40,000, therefore the penalty is:

75% = 0.75

Penalty = 0.75 * $40,000

Penalty = $30,000

 

Answer:

<span>A. $30,000</span>

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