If Dr. Gregory House makes $2.5 million in taxable income this year, and $3.5 million next year and he is in a 40% tax bracket, then he will owe how much more in taxes. Assume this is the highest tax bracket and no changes in the tax law or his personal situation.

$1.0 million

$1.4 million

$400,000

cannot be determined

Mandy and Jeff have a net worth of $40,000 and total assets of $140,000. What are their total liabilities?

		$115,000
		$140,000
		$100,000
		$165,000
		$167,200