Calculate the penalty, The IRS sent her a penalty charge of

Calculate the penalty

Assignment Help Financial Management

Reference no: EM131904121

Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 15. She sent the payment November 8. The IRS sent her a penalty charge of 7.40% simple interest on the unpaid taxes of $2,400. Calculate the penalty. (Remember that the government uses exact interest.) (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

Penalty $

Reference no: EM131904121

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