Elgin Battery Manufacturers had sales of $800,000 in 2015 and their cost of goods sold is 480,000. Selling and administrative expenses were 80,000. Depreciation expense was $18,000 and interest expense for the year was $10,000. The firm's tax rate is 33 percent. What is the dollar amount of taxes paid in 2015?

Multiple Choice

• $239,800

• $73,260

• $69,960

• $213,080