What is the couple marriage penalty or benefit

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Question - In 2015, Lisa and Fred, a married couple, have taxable income of $557,500. If they were to file separate tax returns, Lisa would have reported taxable income of $135,000 and Fred would have reported taxable income of $422,500.

Use 2015 tax rate schedule.

What is the couple's marriage penalty or benefit?

Reference no: EM132189403

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