Cory Recently Sold His Qualified Small Business Stock (Acquired in 2017)for

Cory recently sold his qualified small business stock (acquired in 2017) for $90,000 after holding it for ten years.His basis in the stock is $40,000.Assuming his marginal tax rate is 35 percent,how much tax will he owe on the sale?

A) $3,750
B) $7,000
C) $7,500
D) $14,000
E) None of the choices are correct