1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Veseljchak [2.6K]
3 years ago
5

Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 15. She sent the payment November

8. The IRS sent her a penalty charge of 6.40% simple interest on the unpaid taxes of $1,400. Calculate the penalty. (Remember that the government uses exact interest.)
Business
1 answer:
stiks02 [169]3 years ago
5 0

Answer: $50.81

Explanation:

Simple interest = principal x rate x time

The principal was $1,400

The rate is 6.40% (0.064)

The chart indicates that it is 207 days from April 15 to Nov 8

Therefore the amount of time is (207/365).

Simple interest = principal x rate x time

Simple interest= $1,400 x 0.064 x (207/365)

Simple interest= $50.81

Therefore the penalty is $50.81

You might be interested in
hich of these is the definition of client business risk? a. Risks affecting the business operations and potential outcomes of an
Leno4ka [110]

Answer:

Option A Risks affecting the business operations and potential outcomes of an organization's activities.

Explanation:

The reason is that the business risk are those risks that has potential to increase the cost of the company or decrease the revenue of the organization. So here the misstatement will not increase the cost of the organization and the only risk that increase the cost or decrease the revenues is the poor performance of the organization's activities and operations. So the right option which doesn't talks about misstatements is option A.

6 0
3 years ago
Kaylie assumed the cost of the sales tax on her new (used) vehicle would be around $850. In reality, it was $725. What type of v
strojnjashka [21]

Answer:

option c

Explanation:

beacuse i know hh

8 0
2 years ago
Which example envolves a real world restriction that can affect your decision making process?
lbvjy [14]
I think the answer is family disputes
7 0
3 years ago
What best describes the position of the U.S. budget, as of fiscal year 2010 (and true today as well), when all current spending
crimeas [40]

Answer: The deficit is lower when compared to 2010.

Explanation:

The United States Budget for 2010 titled "A New Era of Responsibility: Renewing America's Promise by President Barack Obama's budget in 2010 was $3.456 trillion for expenditure and total revenue was $2.163 which led to a budget deficit of $1.294 trillion.

In 2019, the revenue was $3.422 and expenditure was $4.407 which led to a budget deficit was $985. It can be deduced that there has been a reduction in the budget deficit when compared to 2010.

6 0
3 years ago
Which is an independent variable in a study where tractor supply, a retailer of garden and farming equipment, increases the pric
Gelneren [198K]

The independent variable is the one being manipulated (or changed) in order to study the effects. In this case the independent variable is the $5 price change.

6 0
4 years ago
Other questions:
  • When using survey feedback activities:
    10·1 answer
  • Penny, a full-time biochemist, loves stock car racing. To feed her passion, she bought a used dirt-track car and has started ent
    14·1 answer
  • On March 31, year 1, Ashley, Inc.'s bondholders exchanged their convertible bonds for common stock. The carrying amount of these
    10·1 answer
  • What is the horizontal rule in a customer service aspect?
    13·1 answer
  • The vital function of _____ involves transforming data into useful information for decision makers.
    6·1 answer
  • Three years ago, the City of Recker committed to build a park and music venue by the river. It was expected to cost $2.5 million
    7·1 answer
  • A parent returns home for the evening and uses different smart devices to help the children with homework, turn on the oven, run
    9·2 answers
  • A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,000 units)
    5·1 answer
  • Ecology Co. sells a biodegradable product called Dissol and has predicted the following sales for the first four months of the c
    11·1 answer
  • James would like to create a sole proprietorship operating under the name Super
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!