Taxable income from a property investment is -$50,000. The investor, which is a property trust, has other income of $96,000. What is the change in the investors tax liability due to the investment property?

Select one:

a.

Pay $15,000 more tax

b.

No impact on tax liability

c.

Pay $13,800 more tax

d.

Pay $13,800 less tax

e.

Pay $15,000 less tax