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What is the couple marriage penalty or benefit

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Question - In 2019, Lisa and Fred, a married couple, had taxable income of $308,200. If they were to file separate tax returns, Lisa would have reported taxable income of $127,700 and Fred would have reported taxable income of $180,500. Use Tax Rate Schedule for reference. What is the couple's marriage penalty or benefit?

Reference no: EM132966302

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