Ms. Deveco's 2022 income tax return is due on April 30, 2023. While she is too busy to file her income tax return on that date, she remits a cheque to the government for $10,000, her estimated amount of income tax owing a few days prior to April 30, 2023. The CRA acknowledges receipt on her My Account before April 30, 2023. She has never filed a late return before. She prepares and files her income tax return on May 31, 2023. At this time, the return shows that her actual income 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 she owe in penalties and interest as a result of the late filing?

A. $49.00

B. $490.00

C. $588.00

D. Nil