Kate files her tax return 36 days after the due date. When she files the return, she sends a check for $2,000 which is the balance of the tax owed by her. Kate's penalty for failure to file a return will be
A. 25%.
B. 5% per month (or factor thereof) up to a maximum of 25%.
C. 20% per month (or factor thereof).
D. 0.5% per month (or factor thereof) up to a maximum of 25%.
Answer: B
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