The penalty is calculated on Form 2210.
What is penalty?
An example of a penalty is having to pay a fee for not returning a library book by the due date. A penalty is a punishment as well as consequence for doing something wrong. Players who violate the rules must sit in "the penalty box" in hockey. All penalties are consequences for doing something wrong, just like the penalty box penalises hockey players. Serious crimes are punished by being sent to prison. The consequence for misbehaving in school is detention. People frequently have to pay a penalty when they breach some sort of financial agreement.
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