Marty forgot to file his tax return for Year 8. His taxable income for Year 8 was $350,000. His tax liability before payments was $74,000. He had federal income tax withheld from his pay of $52,000 and made estimated tax payments of $23,000. He finally filed his Year 8 tax return on December 10, Year 9. How much does Marty owe in penalties due to this late filing?

$ 0.

$ 7,400.

$14,700.

$55,500