Question: 1 0 - 3 4 . Moly Elen, bookkeeper for Keystone Company, forgot ot send ni the payrol taxes due on April 1 5 .

10-34. Moly Elen, bookkeeper for Keystone Company, forgot ot send ni the payrol taxes due on April 15. She sent the payment November 8. The IRS sent her a penalty charge of 8% simple interest on hte unpaid taxes of $4,100. Calculate the penalty. (Remember that the government uses exact interest.) UL 10-1(2)

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