What is the couples marriage penalty or benefit

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Question - In 2019, Lisa and Fred, a married couple, had taxable income of $300,700. If they were to file separate tax returns, Lisa would have reported taxable income of $125,200 and Fred would have reported taxable income of $175,500. Use Tax Rate Schedule for reference.

Required - What is the couple's marriage penalty or benefit?

Reference no: EM132554241

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