Represent an equation for the word problem below:

One-fourth of Scott’s savings account is being saved for braces. If Scott has $8,000 in savings, how much money is being saved for braces?
A. ¼ + $8,000 = b
B. ¼ ($8,000) = b
C. 4($8,000) = b
D. $8,000 – ¼= b