Given a tax rate of 13% for income up to $50,000, a tax rate of 25% for income between $50,001 and $75,000, and a tax rate of 34% for income between $75,001 and $100,000, and a tax rate of 39% for income above $100,001, if ABC Inc. reports taxable income of $200,000. How large is this firm's tax bill?

Select one:

a. $48,750

b. $78,000

c. $61,250

d. $60,250

e. $91,125