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Suppose a certain business pays 1 0 % tax on its first $ 1 0 , 0 0 0 in come, 1 2 % tax

Suppose a certain business pays 10% tax on its first $10,000 in come, 12% tax on income above $10,000 but below $40,000, and 22% tax on income above $40,000. Suppose the business earns $50,000 in income this year. It tax liability is ________.
$9,800
$6,800
$11,000
$5,800

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