Identify Which of the Following Statements Is False

Identify which of the following statements is false.

A) A different interest rate is charged to corporate and noncorporate taxpayers.
B) In addition to interest, taxpayers may be subject to penalties for failure to file on time and failure to pay taxes by the due date for the return.
C) The failure- to- file penalty is levied against taxpayers who do not file a return by its due date at a rate of 5% per month (or fraction of a month) with a maximum additional penalty of 25%.
D) The failure- to- pay penalty is imposed at a rate of 5% per month (or fraction of a month) with a maximum penalty of 25%.