As of 2015, farms were taxed at 10 percent for income up to $42,000; at 23 percent for income ranging from $42,000 to $62,000; at 30 percent for taxable income $92,000 to $122,000; at 40 percent for income from $92,000 to $122,000, and so on. Suppose that you have revenues of $236,200 and operating expense of $63,100. How much tax is paid on the total taxable income? $27,234

$43,734

$173,100