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Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 1 5 . She sent the payment November 8

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

10.00 %

simple interest on the unpaid taxes of $

4, 800 .

Calculate the penalty.

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