1. Wii Corporate paid $600 in dividends and $470 in interest expense. The addition to retained earnings is $450 and net new equity is $500. The tax rate is 22.5%. Sales are $8,125 and depreciation is $973. What are the earnings before interest and taxes?

3. Without referring to its formula, provide a definition of debt radio and its implication. Then, calculate the value of total assets given the following information: total debt ratio = 0.25; total equity = $425,000(8 marks)
4. Weh's personal tax rates are shown below. Her income last year was $333,000 and the first $12,000 earned was tax-exempt: (9 mark)

5. A. how much income tax will Weh pay?

   B. Calculate her marginal tax rate.

   C. Calculate her average tax rate.

   Income	Tax rate
   First $45,225	23.50%
   over $45,225 up to $47,630	26.50%
   over $47,630 up to $95,259	32.00%
   over $95,259 up to $129,214	37.50%
   over 129,214 up to $147,667	41.50%
   over $147,667 up to $210,371	44.50%
   over $210,371	48.50%