If a taxpayer fails to file a return and it is no more than $60$ days past the due date $($including extensions$),$ what is usually the penalty for failure to file?

A$.5\%$ for each month, but not more than $25\%$

B$.10\%$ for each month, but not more than $30\%$

C$.15\%$ for each month, but not more than $35\%$

D$.20\%$ for each month, but not more than $40\%$