Vulcan Company is a monthly depositor whose tax liability for March 2018 is $2,505.
1. What is the due date for the deposit of these taxes?
2. Assume that no deposit was made until April 30. 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 (assume a 4% interest rate).     $___________
d. Total penalty imposed.                                                                          $___________