Math

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Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 18. She sent the payment November 8. The IRS sent her a penalty charge of 8% simple interest on the unpaid taxes of $5,900.




Calculate the penalty. (Remember that the government uses exact interest

  • Math -

    .08($5,900) = ?

  • Math -

    572

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