The tax table will be used for the following 2 questions.

taxable income
from	to	Marginal tax rate
0	50000	0.15
50000	75000	0.25
75000	100000	0.34
100000	335000	0.39

For an income of $250,000 What is the total tax bill?

a. 90750

b. 80750

c. 8500

For an income of $250,000. How much is the average tax rate?

a. 0.340

b. 0.323

c. 0.333

There are many reasons why there was a financial crisis. The most significant event closely associated with this crisis is:

a. the use of financial hedging

b. government overspending

c.the real estate bubble