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CRA assesses penalties and interest for late filings and/or late payments. Aaron filed his 2022 return on March 05. His return shows amount owing $4,250.

CRA assesses penalties and interest for late filings and/or late payments. Aaron filed his 2022 return on March 05. His return shows amount owing $4,250. Aaron did not have the funds avaialble to pay until August 14th. What amount of interest will be charged if the prescribed rate is 6%.

A.

$74.05

B.

$93.08

C.

$64.27

D.

$47.05

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