Question
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
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.
| What is the couples marriage penalty or benefit? |
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Wiley CPAexcel Exam Review April Study Guide Regulation 2017
Authors: Wiley
2nd Edition
1119369436, 978-1119369431
