________ organizations have a low degree of specialization and formalization as well as a flat organizational structure.

Roberta Warner and Sally Roger formed the Acme Corporation on October 1, 2016. On the same date Warner paid $75,000 cash to Acme for 750 shares of its common stock. Simultaneously, Roger received 100 shares of Acme's common stock for services rendered. How much should Roger include as taxable income for 2016, and what will be the basis of her stock?

a. $0 $0 b. $10,000 $10,000 c. $0 $10,000 d. $10,000 $0

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

Fill in the blank(s) with correct word