If an individual taxpayer does not pay his or her tax on time and does not have reasonable cause for failure to pay the tax, the taxpayer will be subject to

a 0.5% penalty for each month the taxpayer fails to pay the tax up to a maximum penalty of 25%.

a 5% penalty for each month the taxpayer fails to pay the tax up to a maximum penalty of 25%.

a 5% penalty for each month the taxpayer fails to pay the tax up to a maximum of 75%.

a 0.5% penalty for each month the taxpayer fails to pay the tax up to a maximum of 75%.