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.)

Answer 1

What is
.12(364)(55/365) ?

Answer 2

.12*364=43.68
55/365=0.150684
43.68*0.150684=6.581 Round it off to 6.58