Charles is a single person, age 35, with no dependents. In 2016, Charles has gross income of $75,000 from his sole proprietorship. Charles also incurs $80,000 of deductible expenses in connection with his proprietorship. He has interest and dividend income of $22,000. Charles has no itemized deductions. Charles's taxable income is A) $6, 650. B) $17,000. C) $12, 950. D) $10, 700