Jurisdiction M Imposes an Individual Income Tax Based on the Following

Multiple Choice

Jurisdiction M imposes an individual income tax based on the following schedule. $\begin{array}{rr}\text { Rate }&\text { Income bracket }\\58 & \$-0-\text { to } \$ 50,000 \\+88 & \$ 50,001 \text { to } \$ 200,000 \\+128 & \$ 200,001 \text { and above }\end{array}$ Mr. Coen has $78,000 taxable income. Compute the tax on this income.

A) $4,740
B) $6,240
C) $8,740
D) None of the choices are correct.