What is the couple marriage penalty or benefit

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Question - In 2014, Lisa and Fred, a married couple, have taxable income of $445,000. If they were to file separate tax returns, Lisa would have reported taxable income of $225,000 and Fred would have reported taxable income of $220,000. Use Tax Rate Schedule for reference.

What is the couple's marriage penalty or benefit?

Reference no: EM132030064

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