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In 2018, Lisa and Fred, a married couple, had taxable income of $304,300. If they were to file separate tax returns, Lisa would have reported
In 2018, Lisa and Fred, a married couple, had taxable income of $304,300. If they were to file separate tax returns, Lisa would have reported taxable income of $128,000 and Fred would have reported taxable income of $181,000. Use Tax Rate Schedule for reference What is the couple's marriage penalty or benefit? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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