After taking into account state adjustments, Solar Flair incorporated is left with $40,000 of net income for tax purposes. Solar Flair was incorporated in California a few years ago an does all its business in California. If this regular "C" corporation claims no credits of other tax-reducing payments, how much in income taxes will Solar Flair pay the Franchise Tax Board? (a) $500 franchise tax (b) 1.5% of $40,000 equals $600 (c) 8.84% of $$040,000 equals $600 (d)