Yelman company is a monthly depositor whose tax liability

Assignment Help Accounting Basics
Reference no: EM13911314

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.............. $__________

Reference no: EM13911314

Questions Cloud

The taxable wages and withheld taxes for hamilton company : The taxable wages and withheld taxes for Hamilton Company (EIN 00-0001462), semiweekly depositor, for the first quarter of 2013 follow.
What is natural language processing : What is natural language processing? What are the three levels of voice recognition?
What is a vision system : What is a vision system? Discuss two applications of such a system.
What is a chief knowledge officer : What is a chief knowledge officer? What are his or her duties?
Yelman company is a monthly depositor whose tax liability : Yelman Company is a monthly depositor whose tax liability for June 2013 is $3,930.
Give three examples of other specialized systems : Give three examples of other specialized systems.
Identify and briefly describe three specific virtual reality : Identify and briefly describe three specific virtual reality applications.
Describe the roles of the domain expert : Describe the roles of the domain expert, the knowledge engineer, and the knowledge user in expert systems.
At gleeson brewing company office workers are employed : At Gleeson Brewing Company, office workers are employed for a 40-hour workweek on either an annual or a monthly salary basis.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd