7. Mrs. Scott received a $12,000 cash payment. If her marginal tax rate is 40%, which of the following statements is true? A. If only $9,200 of the payment is taxable income, her after-tax cash ow is $9,200. B. If the payment is not taxable income, her after-tax cash ow is $12,000. C. If the payment is taxable income, her after-tax cash ow is $4,800. D. None of the above is true