In 2022, 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 $128,000 and Fred would have reported taxable income of $178,000. Use Tax Rate Schedule for reference. What is the couple's marriage penalty or benefit? Note: Do not round intermediate calculations. 2022 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 10,275 10% of taxable income $ 10,275 $ 41,775 $1,027.50 plus 12% of the excess over $10,275 $ 41,775 $ 89,075 $4,807.50 plus 22% of the excess over $41,775 $ 89,075 $ 170,050 $15,213.50 plus 24% of the excess over $89,075 $ 170,050 $ 215,950 $34,647.50 plus 32% of the excess over $170,050 $ 215,950 $ 539,900 $49,335.50 plus 35% of the excess over $215,950 $ 539,900 $162,718 plus 37% of the excess over $539,900 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 20,550 10% of taxable income $ 20,550 $ 83,550 $2,055 plus 12% of the excess over $20,550 $ 83,550 $ 178,150 $9,615 plus 22% of the excess over $83,550 $ 178,150 $ 340,100 $30,427 plus 24% of the excess over $178,150 $ 340,100 $ 431,900 $69,295 plus 32% of the excess over $340,100 $ 431,900 $ 647,850 $98,671 plus 35% of the excess over $431,900 $ 647,850 $174,253.50 plus 37% of the excess over $647,850 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 $ 14,650 10% of taxable income $ 14,650 $ 55,900 $1,465 plus 12% of the excess over $14,650 $ 55,900 $ 89,050 $6,415 plus 22% of the excess over $55,900 $ 89,050 $ 170,050 $13,708 plus 24% of the excess over $89,050 $ 170,050 $ 215,950 $33,148 plus 32% of the excess over $170,050 $ 215,950 $ 539,900 $47,836 plus 35% of the excess over $215,950 $ 539,900 $161,218.50 plus 37% of the excess over $539,900 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax is: $ 0 $ 10,275 10% of taxable income $ 10,275 $ 41,775 $1,027.50 plus 12% of the excess over $10,275 $ 41,775 $ 89,075 $4,807.50 plus 22% of the excess over $41,775 $ 89,075 $ 170,050 $15,213.50 plus 24% of the excess over $89,075 $ 170,050 $ 215,950 $34,647.50 plus 32% of the excess over $170,050 $ 215,950 $ 323,925 $49,335.50 plus 35% of the excess over $215,950 $ 323,925 $87,126.75 plus 37% of the excess over $323,925