is 72 years old and has net income for tax purposes of $54,500. Assume that the limitation of the age tax credit begins at $37,500 and that the base amount of the credit is $7,100. What is the age tax credit for Bob under these assumptions?

Choose the correct answer. Round to the nearest dollar.

A.

$0

B.

$2,550

C.

$683

D.

$7100