Shaun has business income, and he filed his Year 1 personal tax return on September 12, Year 2. He also filed his return late four years ago. Shaun owed taxes of $4,000 when he filed his Year 1 tax return. What is the penalty for Shaun for filing the Year 1 return late?

A. $200

B. $280

C. $360

D. $560

Answer rating: 100% (QA)

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