Amber Arthur (single) purchased a home in Palm Springs, Ca for $500,000. She moved into the home on December 1, year 0. She lived in the home as her primary residence until August 1 of year 4, when she sold the home for $850,000. Amber's tax bracket on taxable income before computing the gain on the sale of the house was 37%. What is the amount of tax on the gain on the sale of the home in Palm Springs (including Net Investment Income Tax if applicable).

Select one:

a. $20,000

b. $23,800

c. $15,000

d. $0

e. $37,000