AC Motors is a sole proprietorship that has taxable income of $94,200. How much additional tax will be owed if the taxable income increases by $14,300 based on the following tax rates? Assume this is the sole source of income for the owner (Hint: Think about marginal tax rate).

Taxable Income Tax Rate(%) $09,950109,95140,5251240,52686,3762286,376164,92524

$3,862.

$3,039.

$3,406.

$3,432.

$3,678.