SOLUTION: Can you please check this to make sure its correct: $1110.85 tax bill was due 11/1/14 and the penalty for not paying on time is 8 1/4%. It was paid on 01/15/2015; was the penalty

Question 979340: Can you please check this to make sure its correct: $1110.85 tax bill was due 11/1/14 and the penalty for not paying on time is 8 1/4%. It was paid on 01/15/2015; was the penalty amount $19.25? (1110.85 x .0825 x.21 = 19.25)
Thank you so much-
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

I don't think so. What makes you think you can multiply by the factor of 0.21?

John

My calculator said it, I believe it, that settles it

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