Alex's property tax is $638.63 and is due April 10. He does not pay until June 3.

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Alex's property tax is $638.63 and is due April 10. He does not pay until June 3. The county adds a penalty of 9.4% simple interest on unpaid tax. Find the penalty using exact interest.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Apr 13, 2023 01:16 AM

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Alex's property tax is $638.63 and is due April 10. He does not pay until June 3.

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Penalty Principal x Rate x Time where Principal 6386... View the full answer

Income Tax Fundamentals 2013

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