Answer:
The amount <u>$20.00</u> is the overdraft fee.
Step-by-step explanation:
Given:
Katie's bank statement shows a closing balance = $178.11.
Her checkbook shows a balance = $198.11.
Now, to get what might account for the different balances?
Closing balance of Katie's bank statement = $178.11
Balance of her checkbook shows = $198.11.
As, there are no outstanding checks or deposits.
So, to get the difference of amount:
Thus, $20.00 is the overdraft amount.
Therefore, the amount $20.00 is the overdraft fee.
