Business, 30.03.2020 23:09, queengenni

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 6.40% simple interest on the unpaid taxes of $1,400. Calculate the penalty. (Remember that the government uses exact interest.)

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Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 15. S...