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Aitco Inc. is a C corporation. This year it earned $ 5 0 , 0 0 0 of taxable income and paid a $ 1

Aitco Inc. is a C corporation. This year it earned $50,000 of taxable income and paid a $10,000 distribution (dividend) to Lily, its sole shareholder. With total taxable income of $100,000, Lily has a marginal tax rate of 24%. Due to the corporation's results and the distribution paid, the IRS will receive total taxes of
A. $13,500.
B. $10,500.
C. $12,900.
D. $12,000.
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