An accountant for a corporation forgot to pay the firm's income tax of $725,622.73 on time....

 

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An accountant for a corporation forgot to pay the firm's income tax of $725,622.73 on time. The government charged a penalty of 7.8% interest for the 51 days the money was late. Find the total amount (tax and penalty) that was paid. Assume 365 days in a year. The total amount paid was $ (Round to the nearest cent as needed.) An accountant for a corporation forgot to pay the firm's income tax of $725,622.73 on time. The government charged a penalty of 7.8% interest for the 51 days the money was late. Find the total amount (tax and penalty) that was paid. Assume 365 days in a year. The total amount paid was $ (Round to the nearest cent as needed.)

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