A Business Generates Profit of $100,000

A business generates profit of $100,000. The owner has a 35% marginal tax rate. What amount of corporate and individual income tax will be paid on this profit if the business is a regular corporation and no income is distributed?

A) Corporate tax, $22,250; individual tax, $35,000
B) Corporate tax, $22,250; individual tax, $0
C) Corporate tax, $0; individual tax, $35,000
D) Corporate tax, $22,250; individual tax, $27,213