Alice Sells a Property in 2014 for $300,000 That She

Alice sells a property in 2014 for $300,000 that she has held for five years. She bought the property for $200,000 and during the period of ownership she claimed a building depreciation allowance of $8,000 each year. Given a marginal tax rate of 46.5% (including the Medicare levy) the relevant tax to be paid relating to the sale will be:

A) $32,550
B) $65,100
C) $27,900
D) $46,500