Penalties & Interest Exam | ProFiler Consulting, LLC

Knowledge Quiz: Late Payment Penalty & Interest

Name

First Last

Who pays the late payment and interest penalties?

ProFiler

Client

Select the correct answer.

Late payment penalty is .5% per month

Late payment penalty is 5% per month

Select the correct answer.

Interest fee is 0.5% per year

Interest fee is 0.25% per month

Does that state charge the same percentages?

Yes

No