Ryan Filed His Tax Return 40 Days After the Due

question 39

Multiple Choice

Ryan filed his tax return 40 days after the due date and included a check for the $1,800 balance due with the return.Ryan's failure-to-file penalty is

• A)25%
• B)20% per month (or partial month)
• C)5% per month (or partial month) up to a maximum of 25%
• D)0.5% per month (or partial month) up to a maximum of 25%