7. Max McCall's real property tax of $2,010.88 was due on Dec 14. Max could not pay until March 9" of the following year. The late penalty is 5% annually. a. What is the penalty amount? b. What is the total amount of the tax bill he must pay?
7. Max McCall's real property tax of $2,010.88 was due on Dec 14. Max could not pay until March 9" of the following year. The late penalty is 5% annually. a. What is the penalty amount? b. What is the total amount of the tax bill he must pay?
Chapter12: Tax Administration And Tax Planning
Section: Chapter Questions
Problem 6MCQ
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT