What is the couple marriage penalty or benefit

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In 2014, Lisa and Fred, a married couple, have taxable income of $487,500. If they were to file separate tax returns, Lisa would have reported taxable income of $257,500 and Fred would have reported taxable income of $230,000. Use Tax Rate Schedule for reference.

What is the couple’s marriage penalty or benefit? (Do not round intermediate calculations. Round your answer to 2 decimal places. Input the amount as positive value.)

Marriage Penalty. _______________?

Reference no: EM131294529

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