sales tax question

[mainor5251]

Guess im having a brain fart cause having trouble figuring my sales tax due.  This is where Im at total gross reciepts x 7% (FL general sales tax 6% + discreationary county surtax 1%)= tax due x 10% (late fee paid after the 20th)= late fee due + sales tax= total + interest= total due to the florida department of revenue

So my question whats the formula for figuring the interest, interest rate is 7% and their website says daily interest rate on 7% is .000191781

My thought was total due x .000191781= (x amount)  x days late= total interest due

but that didnt seem right when i figured it, any help appreciated.

[treadmill]

Check with your CPA.  He/she should be able to help you out.

[lurtsman]

Talk to Jax. I thought Florida had some kind of exception for quarter vending.

[mission vending]

Just figure the amount owed plus the late penalty and send it in. Believe me, they won't hesitate to send a bill for the difference 

[NinnJinn]

Just figure the amount owed plus the late penalty and send it in. Believe me, they won't hesitate to send a bill for the difference 

Been there done that!  Took roughly 4 business days for me to receive a past due bill for me shorting them 14cents!

[mission vending]

Been there done that!  Took roughly 4 business days for me to receive a past due bill for me shorting them 14cents!

Sounds about right and a .44 stamp to send it in.

[mainor5251]

Ended up being (daily rate x days late x tax due) just didnt seem right because it was such a small amount.