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What is total late file penalty that corporation is required

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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 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?

A. $775

B. $2,635

C. $1,860

D. $3,720

Reference no: EM132504672

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