In $2024,$ Darcy sells an asset and reports taxable income of

$$40,000.$ Darcy also receives $$50,000$ from a life insurance policy

that is not taxable income. The only difference between Darcy$$s

economic income and taxable income is the life insurance policy

proceeds. Calculate Darcy$$s income tax as a single taxpayer. What

are Darcy$$s marginal, average and effective tax rates?