Federal tax is calculated using five tax brackets. For the 2020 tax year, the five federal tax brackets are:

Taxable Income	Tax Rate
$13,229 48,535	15%
$48,535 97,069	20.5%
$97,069 150,473	26%
$150,473 214,368	29%
More than $214,368	33%

What is the federal income tax payable for an individual who has $172,000 of taxable income for the 2020 tax year?

Select one:

a. $33,236

b. $25,016

c. $35,373

d. $29,401