Question: Is the following statement true or false? Provide an explanation to defend your answer. [ 5 points ] Assume that Dr . Y was in

Is the following statement true or false? Provide an explanation to defend your answer. [5 points]
"Assume that Dr. Y was in an income tax bracket that had a marginal tax rate of 24% during Tax Year 2023. This means that Dr. Y paid 24% on all taxable income that he earned in 2023."..write in detail

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