Selion Co. has financial net income, before taxes, of $835,000, including the following:

Insurance proceeds (paid by reason of death) from a policy on a corporate officer (no corresponding premiums were paid during the year)	$250,000
Environmental fines	93,000

The statutory enacted tax rate for the current year is 25%. What is Selion's effective tax rate for the current year?

A.

17.5%

B.

19.8%

C.

20.3%

D.

27.8%