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What is the due date for the deposit of these taxes

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Reference no: EM132702723

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

1. What is the due date for the deposit of these taxes?

2. Assume that no deposit was made until April 29 (14 days late). 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 (assume a 6% interest rate).

d. Total penalty imposed.

Reference no: EM132702723

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