Yelman company is a monthly depositor whose tax liability


Yelman Company is a monthly depositor whose tax liability for June 2013 is $3,930.

1. What is the due date for the deposit of these taxes?
2. Assume that no deposit was made until August 5. Compute the following penalties:

a. Penalty for failure to make timely deposit....... $__________
b. Penalty for failure to fully pay tax.......... $__________
c. Interest on taxes due and unpaid.......... $__________
d. Total penalty imposed.............. $__________

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Accounting Basics: Yelman company is a monthly depositor whose tax liability
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