Kate Files Her Tax Return 36 Days After the Due

question 87

Multiple Choice

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)0)5% per month (or factor thereof)up to a maximum of 25%.
• B)5% per month (or factor thereof)up to a maximum of 25%.
• C)20% per month (or factor thereof).
• D)25%.