1. Suppose that an individual has a total taxable income of $200,000.

Taxable Income	Tax Rate
$0 - $9,525	10%
$9,525 - $38,700	12%
$38,700 - $82,500	22%
$82,500 - $157,500	24%
$157,500 - $200,000	32%
$200,000 - $500,000	35%
$500,000 +	37%

a) What is their total tax bill? (1 point)

b) What is the average tax rate? (0.5 points)

c) What is the marginal tax rate? (0.5 points)