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
How much is one bottle of water? Case of 20 water bottles for $15.00
Mariulka [41]

75 cents because $15 divided by 20 = 75 cents

6 0
3 years ago
Read 2 more answers
How do property right benefit entrepeneurs?
Vikki [24]

Answer:

Through allowing themselves to buy resources and spend them accordingly.

Explanation:

  • Properties law provides full authority for merchants or developers with possession of such resources or properties.
  • However, once the property has been enforced upon that estate, all persons besides just their owners haven't even the ability to access the property without any of the consent of their heirs.

Thus the above is the correct approach.

6 0
3 years ago
Wholesome Cuisine, a frozen foods company, decides to create a new mail order meal division, focused on offering delicious food
emmasim [6.3K]

Answer:

Idea development

Explanation:

At the idea development stage, the company just decides to appraise and investigate whether the innovative idea is feasible and that will it generate value for the company in the long term. Furthermore, the idea is just a theoretical information that just sounds good for the business future and there is further investigation pending to appraise it.

3 0
3 years ago
What are 3 ways that the brain learns
bonufazy [111]

✿━━━━@♥ℳg━━━━✿

<h2>\boxed{Explained\:Answer}</h2>

______________________________

✿━━━━@♥ℳg━━━━✿

It performs higher functions like interpreting touch, vision and hearing, as well as speech, reasoning, emotions, learning, and fine control of movement.

Brain is the main controlling part of nervous system.

Brain controls basic body functions like breathing,heart rate,blood pressure

3 0
3 years ago
Read 2 more answers
O que é superavitário e deficitário? * O que é SFN? * Pesquise os principais ações deficitárias e superavitários do governo nos
jolli1 [7]

Answer:

sao coisas qui eu nao consogo espluc

5 0
3 years ago
Other questions:
  • Michelle buys a bond for $5,000. every year that she holds the bond, she'll receive interest payments of $250. the interest rate
    10·1 answer
  • Accounts Payable
    10·1 answer
  • Credit unions tend to give credit only to whom?
    13·1 answer
  • Suppose that a labor economist finds that one of her research subjects has earned significantly higher wages throughout his life
    12·1 answer
  • For each market listed below, determine whether it is best characterized as a Cournot oligopoly, Stackelberg oligopoly, or Bertr
    9·1 answer
  • KLA Company provided the following data for 2018: sales, $800,000; beginning inventory, $40,000; ending inventory, $45,000; and
    9·1 answer
  • 32. How many significant accounting policies are listed under its Summary of Significant Accounting Policies
    11·1 answer
  • A machine operates with the following production cycle: 34 minutes of setup, 70 minutes of production. While in production, the
    13·1 answer
  • Glenda is the sole shareholder of Condor Corporation. She sold her stock to Melissa on October 31 for $150,000. Glenda's basis i
    14·1 answer
  • Setting objectives and identifying methods to achieve those objectives is called.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!