What is the couple marriage penalty or benefit

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In 2019, Lisa and Fred, a married couple, had taxable income of $316,500. If they were to file separate tax returns, Lisa would have reported taxable income of $130,500 and Fred would have reported taxable income of $186,000. Use Tax Rate Schedule for reference.

Question 1: What is the couple's marriage penalty or benefit

Reference no: EM132598128

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