Question: Exercise 26-15 (Algorithmic) (LO. 6) Alexi files her tax return 50 days after the due date. Along with the return, she remits a check for
Exercise 26-15 (Algorithmic) (LO. 6)
Alexi files her tax return 50 days after the due date. Along with the return, she remits a check for $12,300, which is the balance of the tax she owes. The failure to file is not attributable to fraud.
Assume 30 days in a month.
If required, round your answers to nearest whole value.
Disregarding any interest liabilities, Alexi's total penalties are as follows:
Failure to pay penalty: $fill in the blank 1. Failure to file penalty: $fill in the blank 2.
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