Exam #2 (Chapters 16, 17, & 19) i 3.57 points 01:54:18 Saved 11 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 10.20% simple interest on the unpaid taxes of $5,000. Calculate the penalty. (Remember that the government uses exact interest.) (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Penalty Help Save & Exit Submit

Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payrall taxes due on April 15 . She sent the payment November 8. The IRS sent her a penalty charge of 10.20% simple interest on the unpaid taxes of $5.000. Caiculate the penalty. (Remember that the government uses exact interest) (Use Days in o ycac table) (Do not round intermediate calculations. Round your answer to the nearest cent.)