Corporations face the following tax schedule:

	Tax on Base	Percentage on
Taxable Income	of Bracket	Excess above Base
Up to $50,000	$ 0	15%
$50,000$75,000	7,500	25
$75,000$100,000	13,750	34
$100,000$335,000	22,250	39
$335,000$10,000,000	113,900	34
$10,000,000$15,000,000	3,400,000	35
$15,000,000$18,333,333	5,150,000	38
Over $18,333,333	6,416,667	35

Company Z has $80,000 of taxable income from its operations, $5,000 of interest income, and $30,000 of dividend income from preferred stock it holds in other corporations. What is Company Z's tax liability?

	a.	$18,240
	b.	$17,328
	c.	$21,221
	d.	$20,210
	e.	$19,200