Which percentages represent the maximum interest rate for delinquent taxes?

• A. 8% and 18%
• B. 10% and 20%
• C. 5% and 15%
• D. 12% and 22%

Answer: (A)

Delinquent taxes bring additional charges that are limited by statute, combining a penalty with interest on the unpaid amount. The law sets the maximums for these charges: an 8% penalty and up to 18% annual interest on the delinquent tax. So the pair 8% and 18% correctly reflects the highest allowable rates you could incur for delinquent taxes. The other options propose rate combinations that exceed or don’t align with these statutory caps.