Jeremy is an employee earning $$10,450$ in wages during the year, and $$5,650$ in unemployment. Also, he runs an illegal business making an additional $$26,750$ during the year, of which he spends $$10,500$ in expenses. What is his $($legally correct$)$ taxable income?

Select one:

a$.$ $$16,100$

b$.$ $$42,850$

c$.$ $$32,350$

d$.$ $$26,700$