Peter forgot to file his tax return by April 15.He did not file an extension.Peter finally filed his tax return on July 31 and had a remaining tax liability of $3,500.What is Peter's failure to file penalty? Assume he made all his payments on time.
A)$875.
B)$525.
C)$350.
D)$700.

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The Answer of Peter forgot to file his tax return by April 15.He did not file an extension.Peter finally filed his tax return on July 31 and had a remaining tax liability of $3,500.What is Peter's failure to file penalty? Assume he made all his payments on time.
A)$875.
B)$525.
C)$350.
D)$700.

Peter Forgot to File His Tax Return by April 15