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In 2019, Lisa and Fred, a married couple, had taxable income of $300,700.If they were to file separate tax returns, Lisa would have reported taxable
In 2019, Lisa and Fred, a married couple, had taxable income of $300,700.If they were to file separate tax returns, Lisa would have reported taxable income of $125,200 and Fred would have reported taxable income of $175,500.Use Tax Rate Schedule for reference.
What is the couple's marriage penalty or benefit?(Do not round intermediate calculations.)
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