Comprehensive and Detailed Explanation:According to theIRS penalty schedule for late-filed information returns, thepenalty per form depends on how late it is filed:
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Option A ($60.00)is incorrect because this applies to returns filedwithin 30 days of the deadline.
Option B ($120.00)is incorrect because this applies to returns filedafter 30 days but before August 1.
Option D ($630.00)is incorrect because this applies to cases ofintentional non-compliance.
[Reference:, IRS Instructions for Forms W-2 & 1099 – Late Filing Penalties, Payroll.org – Compliance with Information Return Filing Deadlines, , ]
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