Small Co. is a CCPC with net income for tax purposes of $800,000 in Year 1. All of Small Co's income is active business income except for a $15,000 taxable dividend income that was received from another CCPC during the year. How much is Small Co.'s federal tax liability in Year 1? (Apply rates applicable for 2021. The annual small business deduction limit has not been reduced for Small Co.)

a. $33,600

b. $87,750

c. $90,000

d. $161,850