After college you start a $\frac{50}{50}$ partnership business with a classmate that during its

first year of operation generates business income of $$280,000,$ all of which is

distributed to the partners. If your distribution from the partnership is your only taxable

income, what are your tax liability, after$-$tax income, marginal tax rate, and average

tax rate?

A$)26,590$;$113,410$;$22\%$;$19\mathrm{.}0\%$

B$)27,680$;$113,410$;$24\%$;$19\mathrm{.}0\%$

C$)26,590$;$112,321$;$22\%$;$19\mathrm{.}8\%$

D$)27,680$;$112,321$;$24\%$;$19\mathrm{.}8\%$