MrsFuente,who Has a 37% Marginal Tax Rate on Ordinary Income,is

Mrs.Fuente,who has a 37% marginal tax rate on ordinary income,is the sole shareholder and CEO of Furey Inc.She also holds a $1 million interest-bearing note issued by Furey.The corporation's current-year financial records show the following: Compute Mrs.Fuente's tax on her income from Furey.(Ignore payroll taxes in your calculations.)

A) $64,000
B) $91,200
C) $101,400
D) $118,400