Andrii has still not filed his 2021 personal income tax returns even though he knows that he will have a penalty and interest on the amount owing. He has been procrastinating as he knows that he has a large capital gain that will trigger a lot of taxes to pay. Two years ago, Andrii purchased 9,550 shares in Crazy Inc. for $6,000. He decided to sell 5,000 shares on July 1, 2021, when they hit $7/share. He also had a capital loss of $1,400 on some mutual funds that he sold in November 2021. See Table A to help you calculate Andriis taxes on the sale of the investments, knowing that he is in the highest marginal tax bracket. Ignore penalty and interest for this calculation.

A) $8,439.37

B) $7,242.86

C) $7,485.71

D) $8,118.75

E) $6,195.67