What is the couple marriage penalty or benefit

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Reference no: EM13506440

In 2013, Lisa and Fred, a married couple, have taxable income of $300,000. If they were to file separate tax returns, Lisa would have reported taxable income of $125,000 and Fred would have reported taxable income of $175,000. What is the couple's marriage penalty or benefit?

Reference no: EM13506440

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