FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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This question is regarding late tax filing I am trying to solve it according to the formula but everytime I am getting wrong answer anyone please help me solve this question to get right answer I am attaching my work with question

Sdutian
Cheek amount c'lso
Late fee penlent per month z 5.
No 9 moths late= 45 (roundingth r)
roundingto r
て
e 750x51. XS Menthe
37.8X5
= 18)'5
187.5
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Transcribed Image Text:Sdutian Cheek amount c'lso Late fee penlent per month z 5. No 9 moths late= 45 (roundingth r) roundingto r て e 750x51. XS Menthe 37.8X5 = 18)'5 187.5
87.5
problem 12-3
Joan Riled her Individual Inceme tax reteun ų
Months
after
it was
requert an extention of Fime fer filing
Alen
due. She did not
Cheek Ufor$ ii was balane
the taxes
With her retun
r$750 Wuich was
Joan remi tted a
the
balanle
g .she owed
DISteganding
Disireganding
interen Calclate total
Renalisy
penalis that cman will be required
esee that
topay
asbuming failme to Rile was
not fracudulint?
fra
expand button
Transcribed Image Text:87.5 problem 12-3 Joan Riled her Individual Inceme tax reteun ų Months after it was requert an extention of Fime fer filing Alen due. She did not Cheek Ufor$ ii was balane the taxes With her retun r$750 Wuich was Joan remi tted a the balanle g .she owed DISteganding Disireganding interen Calclate total Renalisy penalis that cman will be required esee that topay asbuming failme to Rile was not fracudulint? fra
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