
Payroll Accounting
19th Edition
ISBN: 9781337619769
Author: BIEG, Bernard J.
Publisher: Cengage Learning
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Question
Chapter 3, Problem 16PB
1.
To determine
Identify the due date for the deposit of the given taxes.
2.
To determine
Calculate the following penalties that would be imposed to Company Y if there is no deposit till August 2.
- a. Penalty for failure to make timely deposit.
- b. Penalty for failure to fully pay tax.
- c. Interest on taxes due and unpaid (assume a 5% interest rate).
- d. Total penalty imposed.
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Chapter 3 Solutions
Payroll Accounting
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