Gordon paid the $10,000 balance of his Federal income tax three months late.

Determine the interest rate that applies relative to this amount, using the first quarter 2016 rates.

		Interest Rate (%)
a.	Gordon is an individual.	%
b.	Gordon is a C corporation.	%
c.	The $10,000 is not a tax that is due, but is a refund payable by the IRS to Gordon (an individual).	%
d.	The $10,000 is not a tax that is due, but is a refund payable by the IRS to Gordon (a C corporation).	%