In December of 2011,Betty and James (Married,filing Jointly)have a Long-Term

In December of 2011,Betty and James (married,filing jointly) have a long-term capital gain of $45,000 on the sale of stock.They have no other capital gains and losses for the year.Their ordinary income for the year after the standard deduction and exemptions is $69,000,making their total taxable income for the year $114,000 ($69,000 + $45,000) .In 2011,married taxpayers pay tax of $9,500 (from the tax table) on the first $69,000 of taxable ordinary income and 25 percent on the next taxable income up to $139,350.What is their total tax liability?

A) $22,100
B) $20,750
C) $16,250
D) $9,500