John's 2020 income tax return is due on April 30, 2021. While he is too busy to file his tax return on that date, he remits a cheque to the government for $10,000, his estimated amount of net tax owing on that date. He has never filed a late return before. He prepares and fi his tax return on May 31, 2021. At this time, the return shows that his actual net tax owing was $9,800. Assuming that the interest rate applicable to late payment of taxes is one-half percent per month without daily compounding, how much will he owe in penalties and interest on the late filing? Select one: O a $637. Ob $588. O. Nil. d. $490. O e. 549