For the Current Tax Year, Cuddle Corporation's $500,000 of Taxable

For the current tax year, Cuddle Corporation's $500,000 of taxable income is all considered to be personal holding company income. The corporation did not pay dividends. Which of the following statements is true?

A) The corporation will owe a personal holding company tax of $170,000.
B) The corporation will owe a regular tax of $75,000.
C) The corporation's total tax liability will be $340,000.
D) The corporation's total tax liability will be $245,000.