The penalty for an individual making insufficient instalment payments is 5 percent of the total unpaid tax at the filing date, plus 1 percent per month.

Name: The penalty for an individual making insufficient instalment payments is 5 percent of the total unpaid tax at the filing date, plus 1 percent per month.
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The penalty for insufficient installment payments is typically calculated based on IRS guidelines, which may vary, but it is not specifically 5 percent plus 1 percent per month.

The Penalty for an Individual Making Insufficient Instalment Payments Is