In 2019. Lisa and Fred, a married couple had taxable income of $308,200. If they were to file separate tax returns, Lisa would have reported taxable income of $127700 and Fred would have reported taxable income of $180,500. Use Tax Rate Schedule for reference What is the couple's marriage penalty or benefit? (Do not round intermediate calculations.) Marriage benefit ndividuals chedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,700 10% of taxable income $ 9,700 $ 39,475 $970 plus 12% of the excess over $9.700 $ 39,475 $ 84,200 $4,543 plus 22% of the excess over $39,475 $ 84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748 50 plus 32% of the excess over $160,725 $204,100 $510,300 $46,628 50 plus 35% of the excess over $204,100 $510,300 $153,798.50 plus 37% of the excess over $510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,400 10% of taxable income $ 19,400 $ 78,950 $1.940 plus 12% of the excess over $19,400 $ 78,950 $168.400 $9.086 plus 20% of the excess over $78,950 $168.400 $321,450 S28,765 plus 24% of the excess over $168.400 S321,450 S408,200 $65,497 plus 32 of the excess over $321.450 S408,200 S612,350 $93,257 plus 35o of the excess over $408.200 $612,350 $164,709 50 plus 37o of the excess over $612,350 Schedule Z-Head of Household If taxable income is over: But not over: S S 13.850 The tax is: 10 of taxable income plus 37% of the excess over $612,3 Echedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 $ 13,850 10% of taxable income $ 13,850 $ 52,850 $1,385 plus 12% of the excess over $13,850 $ 52,850 $ 84,200 $6,065 plus 22% of the excess over $52.850 $ 84,200 $160,700 $12.962 plus 24% of the excess over $84,200 $160,700 $204,100 $31,322 plus 32% of the excess over $160,700 $204,100 $510,300 $45,210 plus 35% of the excess over $204,100 $510,300 $152,380 plus 37% of the excess over $510,300 Schedule Y-2-Married Filing Separately The tax is: If taxable income is over: But not over: $ 0 $ 9.700 $ 9.700 S 39,475 $ 39,475 $ 84,200 S 84,200 $160,725 S160,725 $204,100 S204,100 $306.175 S306.175 10% of taxable income $970 plus 12% of the excess over $9.700 $4,543 plus 22% of the excess over $39,475 S14,382.50 plus 24% of the excess over $84,200 S32,748.50 plus 32% of the excess over $160,725 S46.628 50 plus 35% of the excess over S204,100 $82,354.75 plus 37% of the excess over $306,175