In 2015, Lisa and Fred, a married couple, have taxable income of $582,500. If they were to file separate tax returns, Lisa would have reported taxable income of $235,000 and Fred would have reported taxable income of $347,500.

USE 2015 TAX RATE SCHEDULE

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

PART 2

Lacy is a single taxpayer. In 2015, her taxable income is $49,600. What is her tax liability in each of the following alternative situations? Use Tax rate schedule for reference. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 2015 TAX RATE

A) All of her income is salary from her employer

B) Her $49,600 of taxable income includes $4,200 of qualified dividends.

C) Her $49,600 of taxable income includes $15,400 of qualified dividends