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Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 15 . She sent the payment November 8. The
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 8% simple interest on the unpaid taxes of $4,100. Calculate the penalty. (Remember that the government uses exact interest.) (Use Days in a year table.) Note: Do not round Intermediate calculations. Round your answer to the nearest cent. Exact davs-in-a-vear calendar (excluding leab vear)*
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