Lorna Halls real estate tax of $2,010.88 was due on December 14, 2009. Lorna lost her job
Question:
Lorna Hall’s real estate tax of $2,010.88 was due on December 14, 2009. Lorna lost her job and could not pay her tax bill until February 27, 2010. The penalty for late payment is 6 ½% ordinary interests.
a. What is the penalty Lorna must pay?
b. What is the total amount Lorna must pay on February 27?
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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