The Tax Rates Are as Shown A)$7,004
B)$7,014
C)$7,140
D)$7,160
E)$7,174

The tax rates are as shown.Your firm currently has taxable income of $79,400.How much additional tax will you owe if you increase your taxable income by $21,000? $$\begin{array} { | r | l | } \hline \text { Taxable Income } & \text { Tax Rate } \\\hline \$ 0 - 50,000 & 15 \% \\\hline 50,001 - 75,000 & 25 \% \\\hline 75,001 - 100,000 & 34 \% \\\hline 100,001 - 335,000 & 39 \% \\\hline\end{array}$$

A) $7,004
B) $7,014
C) $7,140
D) $7,160
E) $7,174