Mr and Mrs

Mr. and Mrs. Chung filed their unextended 2011 Form 1040 on May 30, 2012, and had no reasonable cause for the delinquency. The return showed a $10,479 balance of tax due. Compute the Chungs' late-filing and late-payment penalty.

A) $524
B) $1,048
C) $2,620
D) None of the above