What is Bounced Check Penalty?

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For payments of $1,250 or more, the penalty is 2% of the amount of the payment.

For payments less than $1,250, the penalty is the amount of the payment or $25, whichever is less.

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Disclaimer: This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal and accounting advice. WYCOTAX, LLC is an outsource tax, payroll and bookkeeping company and not associated with any.