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Susan and Gary owe $16,500 in tax liability with their 2023 tax return due on April 15, 2024. They filed their return, but unfortunately, they
Susan and Gary owe $16,500 in tax liability with their 2023 tax return due on April 15, 2024. They filed their return, but unfortunately, they were not able to pay their liability until July 1, 2024. Assume that the federal short-term interest rate is 4%. How much will the IRS assess Susan and Gary for interest and penalties? (Round answer to 0 decimal places, e.g. 125.) Interest Penalty LA
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