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In 2019, Lisa and Fred, a married couple, had taxable income of $318,000. If they were to file separate tax returns, Lisa would have reported
In 2019, Lisa and Fred, a married couple, had taxable income of $318,000. If they were to file separate tax returns, Lisa would have reported taxable income of $131,000 and Fred would have reported taxable income of $187,000. Use Tax Rate Schedule for reference. What is the couples marriage penalty or benefit? (Do not round intermediate calculations.)
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