Asked by Tyga

John forgot to pay his $364.00 income tax on time. The IRS charged a penalty of 12% for the 55 days the money was late. Find the penalty that John paid. (Use a 365 day year.)
Answered by Reiny
What is
.12(364)(55/365) ?
Answered by Tyga
.12*364=43.68
55/365=0.150684
43.68*0.150684=6.581 Round it off to 6.58
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