J.P. Wood is a married worker with annual taxable income of $195,000. How much will J.P pay in federal income tax when she files a joint return? Use the tax rates shown in Application (1) in class notes of Topic 3. A. $35,100 B. $14,700 C. $33,150 D. $12,600 E. $46,800 The first $20,000 of income (between $0 and $20,000) The next $60,000 of income (between $20,000 and $80,000) The next $85,000 of income (between $80,000 and $165,000) The next $150,000 of income (between $165,000 and $315,000) The next $85,000 of income (between $315,000 and $400,000) The next $200,000 of income (between $400,000 and $600,000) All additional income over $600,000 Tax Rate 10% Tax Rate = 12% Tax Rate = 22% Tax Rate = 24% Tax Rate = 32% Tax Rate = 35% Tax Rate = 37%