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Vulcan Company is a monthly depositor whose tax liability for March 20-- is $2,505

Accounting

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

2. Assume that no deposit was made until April 29 (14 days late). Compute the following penalties:

c. Interest on taxes due and unpaid (assume a 6% interest rate). $________

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