Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. an accountant for a corporation forgot to pay the

An accountant for a corporation forgot to pay the firm's income tax of $725,612.07 on...

90.2K

Verified Solution

Question

Finance

An accountant for a corporation forgot to pay the firm's income tax of $725,612.07 on time. The government charged a penalty of 9.3% interest for the 37 days the money was late. Find the total amount (tax and penalty) that was paid. Assume 365 days in a year.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

For homes in a certain state, electric consumption amounts last year approximately followed a mound-shaped (normal)...

Biology
1.2K views

Visit or call a store with a plant nursery (Walmart, Home Depot, etc.) and describe the...

Mechanical Engineering
1.2K views

Things never seem to slow down, particularly on your existing subsea project. While all this activity...

General Management
1.2K views

Q1. What is the scope of Product?on / Operations Management? Explain. Q2. Is there any difference between...

General Management
1.2K views

If you own the strawberries farm in Hokkaido, Japan, and would like to ship your products...

Physics
1.2K views

Students of automobile engineering are working on a project as they require to analyze and...

Basic Math
1.2K views

2 Angela and her friend Betty bot Angela s house Point A to Bet distance...

Basic Math
1.2K views

The dial of a "combination lock" has the numbers 0 through 32. The "combination" to...

Calculus
1.2K views

14 Let f x y z e y z xyz and g t f at...

Calculus
1.2K views

H possible 60 30 2 30 this gra 60 90 SI SIXP X 120 150...

Algebra
1.2K views

Solve Y9 7 13 Y9 13 7 Y9 6 Y 9 6 Y 6 9...

Accounting
1.2K views

a) Fill in the missing numbers in the inventory schedule using the...