In 2018, Lisa and Fred, a married couple, had taxable income of $306,000. If they were to file separate tax returns, Lisa would have reported taxable income of $127,000 and Fred would have reported taxable income of $179,000. Use Tax Rate Schedule for reference. What is the couples marriage penalty or benefit? (Do not round intermediate calculations.)

2018 Tax Rate Schedules Schedule X Single Schedule Z Head of Household If taxable income is over: But not over: The tax is If taxable income is over: The tax s 9.525 38,700 82,500 157.500 10%ofunable acone 9952.50 ph" 12% of the mess over $9,525 $4453.50 plus 22% of the excess over S38.700 $14,069.50 plus 24% of the eme4s over S82500 $32,009.50 plus 32% of the excess over $157,500 $45.6 9.50 plus 35%ofthe excess ovet $200,000 $150,669.50 plus 37% of the cess over $500,000 But net over: S 13,600 51,800 $ 82,500 $157,500 $200,000 $500,000 10% oftatable income $1,360 plus 12% of the mess over $13,600 55.944 plus 22%ofthe excess over $51.000 $12,698 plus 24% of the eoeets over $82,500 $30,098 plus 32% of the ence" oer $157,500 $44298 plus 35% of the eace over $200,000 $149.296 plus 37% of the 0ess over $500,000 $ 9.525 38,700 582.500 $157500 13,600 51,800 $ 82,500 $157,500 $200,000 $500,000 Schedule Y-1-Married Filing Jointly or Qualilying Widow(er) Schedule Y-2-Married Filing Separately If taxable income is over: The tax is But not over: 19,050 $ 77,400 $165.000 $315,000 If taxable income is over: But not over: $ 9.525 S 38,700 82,500 $157,500 $200,000 The tax is: 19,050 77.400 $165,000 $315,000 10%oftmable ncome $1905 plus 12% of the excess over $19,050 $8.907 plus 22% ofthe excess over$77,400 $28,179 plus 24% of the mass over $165,000 64,179 plus 32% of the excess over $315,000 $91.379 plus 35% of the e cess over S400.000 $161,579 plus 37% of tha greets over S600.000 $ 9,525 38,700 $ 82,500 $157,500 10% ofta tabla income $952.50 plus 12% of the encess over $9,525 $4.453 .50 pbas 22% of the excess over S38.700 $14,009.50 plus 24% of the amce" over $82,500 $32,009.50 plus 32% of the excess over $157,500 $45.609.50 plus 35% of the excess over $200,000 $80,609.50 plus 7% of the mess over $300,000 $600,000 300,000