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Business, 18.11.2020 17:30 Sparkleskeepsgoing

Vulcan Company is a monthly depositor whose tax liability for March 20 is $2,505. a. What is the due date for the deposit of these taxes?
b. Assume that no deposit was made until May. Compute the following penalties:

1. Penalty for failure to make timely deposit.
2. Penalty for failure to fully pay tax.
3. Interest on taxes due and unpaid.
4. Total penalty imposed.

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Vulcan Company is a monthly depositor whose tax liability for March 20 is $2,505. a. What is the du...
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