Loading...
HomeMy WebLinkAboutTracFone Calculation of Renton Refund Due - 2019 Interest Rate Corrected 2021-06-04Tax Year 2007 2008 2009 2010 2011 2012 2013 Total TRS Original TRS "Corrected"Hearing Dispute Renton Utility Tax on Retail 1,254.30$ 1,838.22$ 2,662.92$ 4,343.04$ 5,693.94$ 6,999.66$ 3,320.88$ 26,112.96$ 30,325.02$ 26,112.96$ Renton Utility Tax on Wholesale 4,999.78$ 7,835.03$ 10,808.79$ 19,423.10$ 19,706.46$ 20,436.67$ 8,287.32$ 91,497.15$ 116,783.70$ 100,588.25$ 9,091.10$ Total Tax 6,254.08$ 9,673.25$ 13,471.71$ 23,766.14$ 25,400.40$ 27,436.33$ 11,608.20$ 117,610.11$ 147,108.72$ 126,701.21$ Interest Periods 2008 6.41% 2009 5%4.58% 2010 3%3%2.75% 2011 3%3%3%2.75% 2012 2%2%2%2%1.83% 2013 2%2%2%2%2%1.83% 2014 2%2%2%2%2%2%1.83% 2015 2%2%2%2%2%2%2% 2016 2%2%2%2%2%2%2% 2017 3%3%3%3%3%3%3%8/7/2017 114,311.30$ 2018 3%3%3%3%3%3%3% Interest through 11/04/2019 3.36%3.36%3.36%3.36%3.36%3.36%3.36%2/14/2019 27,947.74$ Interest Factor 36.77%29.94%25.11%22.11%19.19%17.19%15.19%11/4/2019 10,297.63$ Interest Amount 2,299.62$ 2,895.72$ 3,382.10$ 5,253.55$ 4,874.37$ 4,716.34$ 1,763.30$ 11,354.02$ 152,556.67$ 86,810.02$ 75,456.00$ 34 % Penalty 39,987.44$ 36,777.30$ 31,675.46$ (8,311.97)$ Amount due as of 11/4/2019 if subject to Utility tax on Retail and Wholesale airtime 168,951.56$ 336,442.69$ 245,186.69$ Amount Paid 336,442.69$ 336,442.69$ 11/5-12/31/2019 2020 4%Refund Due before Refund Interest 167,491.13$ (91,256.00)$ 1/1 to 5/27/2021 1.04% Refund interest to hearing date 5.04%Less Refund Paid (91,256.00)$ Per diem rate 0.01%Add'l Refund Due before Refund Interest 76,235.13$ 76,235.13$ Refund Interest 11/5/2019 to 05/27/2021 3,842.25$ Subtotal 80,077.38$ Per diem interest after 5/27/2021 6.27$