TP's 2021 tax return was due on April 15, 2022. She did not file an extension and did not file her 2021 tax return until December 12, 2022. The balance due is $40,000. Disregarding the interest element, TP failure to file and to pay penalties are (combined): 1. $16,000 2. $1,600 3. $10,600 4. $40,000 5. None of the provided choice