In this example, the 10K is correct. U.S. Customs Bonds round up to the nearest 10K until they reach the 100K point. At that point they would round up to the nearest 100K. So since the annual duties, taxes, and fees multiplied by 10% equals $82,664.35 in this example, the bond amount would round up to the nearest 10K, which would be 90K.
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6:36 picture data has a mistake, 10k should be100k?
In this example, the 10K is correct. U.S. Customs Bonds round up to the nearest 10K until they reach the 100K point. At that point they would round up to the nearest 100K. So since the annual duties, taxes, and fees multiplied by 10% equals $82,664.35 in this example, the bond amount would round up to the nearest 10K, which would be 90K.