Please answer parts a and b. Thanks!

Problem 12-3 (Algorithmic) Interest and Penalties (LO 12.3) Compute the penalty described for the following taxpayers. If an amount is zero, enter "0". If required, round your answers to two decimal places. a. Wilson filed his individual tax return on the original due date, but failed to pay $990 in taxes that were due with the return. If Wilson pays the taxes exactly 4 months late, calculate the amount of his failure-to-pay penalty. $ X Feedback Check My Work b. Joan filed her individual income tax return 5 months after it was due. She did not request an extension of time for filing. Along with her return, Joan remitted a check for $750, which was the balance of the taxes she owed with her return. Disregarding interest, calculate the total penalties that Joan will be required to pay, assuming the failure to file was not fraudulent. $The interest rate applicable to underpayments and overpayments of taxes is adjusted each quarter based on the shortterm federal rate. The rate is equal to the federal shortterm rate plus 3 percentage points. Interest is compounded dailyr except when calculating the penalty for underpayment of estimated taxes by individuals and corporations. In calculating the penalty for underpayment of estimated taxes. the penalty is calculated as simple interest The rate of interest for selected recent periods is as follows: 2019 Rate lst quarter 5% 2nd quarter 5% 3rd quarter 5% 4th quarter 5%