Big-Time Business has $140,000 of revenues for the year. They also have the following expenses during the year:

• Cost of Goods Sold: $15,000
• Meals : $6,000 (standard rule: 50%)
• Speeding Tickets: $7,000
• Salaries: $20,000

What is the amount of Big-Times Taxable Income?

Group of answer choices

$99,000

$102,000

$92,000

$95,500