What is the couple marriage penalty or benefit

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Reference no: EM133372319

Question: In 2020, Jasmine and Thomas, a married couple, had taxable income of $114,000. If they were to file separate tax returns, Jasmine would have reported taxable income of $99,000 and Thomas would have reported taxable income of $15,000. Use Tax Rate Schedule for reference.

What is the couple's marriage penalty or benefit?

Reference no: EM133372319

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