Question
Vulcan Company is a monthly depositor whose tax liability for March 2014 is $2,505. 1. What is the due date for the deposit of these
Vulcan Company is a monthly depositor whose tax liability for March 2014 is $2,505.
1. What is the due date for the deposit of these taxes? March 15 - March 31 - April 15Item 1
2. 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.
| a. | Penalty for failure to make timely deposit. | $ |
| b. | Penalty for failure to fully pay tax. | $ |
| c. | Interest on taxes due and unpaid. | $ |
| d. | Total penalty imposed. |
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Maintenance Management Auditing In Search Of Miantenance Management Excellence
Authors: Anthony Kelly
1st Edition
0831132671, 978-0831132675
