Question

If a person is between one and seven days late paying tax, they are charged an extra 1% on the amount owed. If a person is over seven days paying tax, they are charged an extra 4% on the total amount owed ( including the extra 1% for being one to seven days late ). Calculate how much Amelia must pay if she owes $2375 and she pays it 10 days late.​

Answer 1

$2470

Explanation:

If a person is between one and seven days late paying tax, they are charged an extra 1% on the amount owed. If a person is over seven days paying tax, they are charged an extra 4% on the total amount owed ( including the extra 1% for being one to seven days late ). Calculate how much Amelia must pay if she owes $2375 and she pays it 10 days late.​

If Amelia owes $2375 and is 10 days late in paying her taxes, she will be charged an extra 4% on the total amount owed, which is $95. This is calculated by adding the 1% late fee for being 1 to 7 days late ($23.75) to the extra 4% late fee for being over 7 days late ($71.25) to get a total late fee of $95. Therefore, Amelia's total payment will be $2470.