Jax Company's (a monthly depositor) tax liabilty (amount withheld from employees' wages for federal income...
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Jax Company's (a monthly depositor) tax liabilty (amount withheld from employees' wages for federal income tax and FICA tax plus the company's portion of the FICA rax) for July was $1210. No deposit was made by the company until August 24, (9days late). the interest on taces due and unpaid (assume a 4% interest rate)
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