An accountant for a corporation forgot to pay the firm's income tax of $725,903.15 on...
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Accounting
An accountant for a corporation forgot to pay the firm's income tax of $725,903.15 on time. The government charged a penalty of 9.7% interest for the 49 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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