Mrs$.$ Sanchez received a $$12,000$ cash payment. If Mrs$.$ Sanchez$$s marginal tax rate is $40\%,$ which of the following statements is true?

Multiple Choice

If only $$9,200$ of the payment is taxable income, and after$-$tax cash flow is $$9,200.$

If the payment is not taxable income, and after$-$tax cash flow is $$12,000.$

If the payment is taxable income, and after$-$tax cash flow is $$4,800.$

None of these choices are true.