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In 2 0 2 4 , Darcy sells an asset and reports taxable income of $ 4 0 , 0 0 0 . Darcy also
In Darcy sells an asset and reports taxable income of
$ Darcy also receives $ from a life insurance policy
that is not taxable income. The only difference between Darcys
economic income and taxable income is the life insurance policy
proceeds. Calculate Darcys income tax as a single taxpayer. What
are Darcys marginal, average and effective tax rates?
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