In 2018, Peter, who is single, has a comfortable salary from his job as well as income from his investment portfolio. However, he is habitually late in filing his federal income tax return. He did not file his 2018 income tax return until December 8, 2019 (due date was April 15, 2019) and no extensions of time to file the return were filed. Below are amounts from his 2018 return:

Taxable Income $150,000

Total Tax Liability on Taxable Income $30,290

Total Federal Tax Withheld from salary $23,790

Peter sent a check with his return to the IRS for the balance due of $6,500. What additional amounts must Peter pay? (assume 5% interest rate)

*FIND

failure to file penalty

failure to pay penalty

interest

total additional amount due