In 2016, Lisa and Fred, a married couple, have taxable income of $300,000. If they were to file separate tax returns, Lisa would have reported taxable income of $125,000 and Fred would have reported taxable income of $175,000. Use Tax Rate Schedule for reference.

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.)

2016 Federal Tax Rate Schedule Schedule X-Single Schedule Z-Head of Household If taxable If taxable income is But not income is But not The tax is: The tax is: over: 0 9,275 10% of taxable income 0 13,250 10% of taxable income 9,275 37650 $92750 plus 15% of the excess 13,250 50,400 $1,325.00 plus 15% of the excess over $9,275 over $13,250 37650 91,150 $5,183.75 plus 25% of the excess 50,400 $130,150 $6.89750 plus 25% of the excess over $37650 over $50,400 91,150 $190,150 $18,558.75 plus 28% of the excess $130,150 $210,800 $26.835.00 plus 28% of the excess over $91,150 over $130,150 $190,150 $413,350 $46.278.75 plus 33% of the excess $210,800 $413,350 $49,41700 plus 33% of the excess over $210,800 over $190,150 $413.350 $415.050 $119,934.75 plus 35% of the excess $413,350 $441,000 $116.258.50 plus 35% of the excess over $413,350 Over $413.350 $415,050 $120,529.75 plus 39.6% of the excess $441.000 $125,936.00 plus 39.6% of the excess over $415.050 over $441.000 Schedule Y 1-Married Filing Jointly Schedule Y 2-Married Filing Separately of Qualifying Widowier) If taxable If taxable income is But not The tax is: income is But not The tax is: over: over: 0 9,275 10% of taxable income 9.275 37650 $92750 plus 15% of the excess 0 18,550 10% of taxable income 18.550 75.300 $1,855.00 plus 15% of the excess over $9.275 37650 75.950 $5.183.75 plus 25% of the excess over $18,550 over $37650 75,300 $151,900 $10,36750 plus 25% of the excess over $75,300 75,950 $115,725 $14,758.75 plus 2B9% of the excess $151,900 $231,450 $29.51750 plus 289% of the excess over $75,950 over $151,900 $115,725 $206,675 $25,895.75 plus 33% of the excess $231,450 $413,350 $51,791.50 plus 339% of the excess over $115,725 over $231,450 $206,675 $233,475 $55,909.25 plus 35% of the excess $413,350 $466,950 $111,818.50 plus 35% of the excess over $206,675 over $413,350 $233,475 $65,289.25 plus 39.6% of the excess $466,950 $130,578.50 plus 39.6% of the excess over $233,475 over $466,950