$0 35,000 15%

$35,001 70,000 20%

$70,001 100,000 27%

$100,001 250,000 34%

$250,001 700,000 28%

$700,001 15,000,000 21%

$15,000,001 1,000,000,000 14%

Taxable income = $300,000. Considering the tax brackets given above, what is the amount of tax?

Select one:

a.$250,000

b.$74,400

c.$85,350

d.$84,000