Question 3 4 pts Based on the following table of the tax rates, what is the total tax for a firm with taxable income of $120,000? Taxable income ($) Tax Rate 0-9.525 10% 9.525 - 38,700 12% 38,700 - 82,500 22% 82,500 - 157,500 24% 157.500 - 200,000 32% 200,000 - 500,000 35% 500,000 + 37% 19 percent 25 percent 39 percent 34 percent