Charles Is a Single Person,age 35,with No Dependents

Charles is a single person,age 35,with no dependents.In 2016,Charles has gross income of $75,000 from his sole proprietorship.Charles also incurs $80,000 of deductible business expenses in connection with his proprietorship.He has interest and dividend income of $22,000.Charles has no itemized deductions.Charles's taxable income is

A) $6,650.
B) $10,700.
C) $12,950.
D) $17,000.