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22-05-2023
Business

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The interest rate on underpayments of tax is potentially adjusted twice a year to reflect changes in the short-term federal rate. Question: which of the following most accurately describes the above statement?
a. The statement is true.
b. There are not enough facts to determine if the sentence is true or false.
c. The statement is true as a result of changes made in the Tax Revenue Act of 2008.
d. The statement is false. e. The statement is true if, and only if, the taxpayer is a corporation.

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