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Vulcan Company is a monthly depositor whose tax liability for March 2018 is $2,280. 1. What is the due date for the deposit of these
Vulcan Company is a monthly depositor whose tax liability for March 2018 is $2,280. 1. What is the due date for the deposit of these taxes? April 16 2. Assume that no deposit was made until April 30. Compute the following penalties. Assume a 365-day year in your computations. Round your answers to the nearest cent. a. Penalty for failure to make timely deposit. $ b. Penalty for failure to fully pay tax. $ c. Interest on taxes due and unpaid (assume a 4% interest rate). $ d. Total penalty imposed. $
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