Question: Lang Lang Ltd., a CCPC eligible for the small business deduction, has a March 31 year end.Due to the death of the owner/manager, the tax
Lang Lang Ltd., a CCPC eligible for the small business deduction, has a March 31 year end.Due to the death of the owner/manager, the tax return for the year ended March 31, 2017 was not filed until May 12, 2019. The unpaid tax on March 31, 2017 was $15,500. Lang Lang Ltd. has never filed a return late before.What is the total late file penalty that the corporation is required to pay?(Do not include any interest payable.)
A. $775
B. $2,635
C. $1,860
D. $3,720
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