The Table Below Shows 2009 Federal Income- Tax Rates in Canada

The table below shows 2009 federal income- tax rates in Canada. $\begin{array}{|l|l|}\hline \text { Taxable Income } & \text { Mar ginal Tax Rate } \\\hline \$ 0-\$ 40726 & 15 \text { percent } \\\hline \$ 40727-\$ 81452 & 22 \text { percent } \\\hline \$ 81453-\$ 126264 & 26 \text { percent } \\\hline \$ 126265 \text { and over } & 29 \text { percent } \\\hline\end{array}$
$\text { TABLE 18- } 1$
-Refer to Table 18- 1. If an individual had a taxable income of $120 000, how much federal tax would be due from the earnings taxed at the rate of 26 percent?

A) $497
B) $5639
C) $8960
D) $10 022
E) $31 200