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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

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 $190,000. How large is this firm's tax bill?

Select one:

a.$48,750

b.$57,350

c.$56,350

d.$78,000

e.$91,125

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