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Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on...

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Question

Accounting

Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 15. She sent the payment November 8. The IRS sent her a penalty charge of 8% simple interest on the unpaid taxes of $4,100.
Required:
How many days late was the tax payment?
What is the amount of the penalty (use exact interest)?

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