00:01
So, here is a question we need to calculate the penalties and interest for ms.
00:13
Debacco's late filing.
00:17
So, we have to follow step like first we need to calculate the number of months late.
00:23
So, number of months late.
00:28
So, here the due date is april 30, 2023 but she filed on may 31, 2033.
00:44
So, she has one month late.
00:50
Now the second is calculate the penalty late filling.
01:02
So, here it is a 5 % of unpaid tax.
01:04
So, late filling penalty is 5 % multiplied by unpaid tax multiplied by number of month late.
01:17
So, plug the values 5 % 9800 multiplied by 1.
01:25
So, we got the amount 490 $...