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 penalty for failure to file a return will be

A.5% per month
B.0.5% per month
C.20% per month
D.25% per month


Answer: A (Explanation: The penalty for failure to file is 5% per month up to 25%.)

Business

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