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The City of Oakland imposes a 5% penalty on delinquent tax payments after the due date. If a business owes $6,500 in taxes and fails

The City of Oakland imposes a 5% penalty on delinquent tax payments after the due date. If a business owes $6,500 in taxes and fails to pay on time, how much will the total amount owed increase due to the penalty? A. $300 B. $325 C. $350 D. $375

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