Oakley Company reported income before taxes $($pretax financial income$)$ in its income statement of $$50,000.$ Among the items included in the computation of pretax financial income were the following:

Non$-$taxable interest revenue from municipal bonds $$22,000$

Expenses not deductible for income tax purposes $10,000$

Warranty expenses $($not tax deductible until actually provided; none provided this year$)5,000$

The income tax rate is $40\%.$

What is the amount of income tax that should be PAID this year?

$$11,200$

$$17,200$

$$15,200$

$$20,000$