Yelman Company is a monthly depositor whose tax liability for June 2013 is $3,930. 1. What is

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Yelman Company is a monthly depositor whose tax liability for June 2013 is $3,930.

1. What is the due date for the deposit of these taxes?

2. Assume that no deposit was made until August 5. Compute the following penalties:

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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Payroll Accounting

ISBN: 978-1133962533

2013 edition

Authors: Bernard J. Bieg, Judith A. Toland

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Question Posted: Oct 04, 2013 02:40 AM

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Yelman Company is a monthly depositor whose tax liability for June 2013 is $3,930. 1. What is

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