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What is the couple marriage penalty or benefit

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Problem - In 2020, Jasmine and Thomas, a married couple, had taxable income of $99,500. If they were to file separate tax returns, Jasmine would have reported taxable income of $89,500 and Thomas would have reported taxable income of $10,000. Use Tax Rate Schedule for reference. What is the couple's marriage penalty or benefit?

Reference no: EM132916235

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