What is rings taxable income tax and marginal tax rate, Microeconomics

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What is rings taxable income tax and marginal tax rate

Problem

Ring is in his third year with a rapidly growing high-tech company. He earns $48,000 per year, is single, and rents a condo. What is his taxable income, tax, marginal tax rate, and average tax rate?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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