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Vulcan Company is a monthly depositor whose tax liability for March 2016 is $2,505. Due Date April 15. Assume that no deposit was made until

Vulcan Company is a monthly depositor whose tax liability for March 2016 is $2,505. Due Date April 15.

Assume that no deposit was made until May 2. Compute the following penalties. Assume a 365-day year in your computations. Round your answers to the nearest cent.

1) Penalty for failure to make timely deposit?

2) Penalty for failure to fully pay taxes?

3) Interest on taxes due and unpaid?

4) Total penalty imposed?

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