Hello. I need help with solving this step by step. Im not sure how to solve this. The correct answer is b) $48,945. Can someone help me solve this and show steps? Thank you.

12. An Ontario employer subject to the Employer Health Tax with an assessable payroll of $3,000,000 would pay annual tax of: (L04) a) Zero b) $48,945 c) $58,500 d) $8,775