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Compute marriage bonus or penalty

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Reference no: EM131111060

Consider a married couple where the husband and the wife each has $80,000 in taxable earnings. Assume they have no children and all income is from earnings.

a. Compute their tax liability as a married couple.

b. Compute their tax liability if they live together but are not married (not filing jointly).

c. Assuming that they are married, compute their marriage bonus or penalty.

Reference no: EM131111060

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