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Chapter 8 Homework instructions lhelp E Save & Exit submit Question 1 (of 1. 1000 points n 2016, Lisa and Fred, a married couple, have
Chapter 8 Homework instructions lhelp E Save & Exit submit Question 1 (of 1. 1000 points n 2016, Lisa and Fred, a married couple, have taxable income of $462,500. If they were to file separate tax returns, Lisa would have reported taxable income of $215,000 and Fred would have reported taxable income of $247,500. What is the couple's marriage penalty or benefit? Use Tax Rate Schedule for reference. Do not round intermediate calculations. Round your answer to 2 decimal places. Input the amount as positive value.) Marriage benefit Marriage penalty
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