Yelman Company is a monthly depositor whose tax liability for June 2018 is $3,930.
1. What is the due date for the deposit of these taxes?
2. Assume that no deposit was made until August 3. 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). $_______________
d. Total penalty imposed.$_______________