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In 2023, Lisa and Fred, a married couple, had taxable income of $403,600. If they were to file separate tax returns, Lisa would have reported
In 2023, Lisa and Fred, a married couple, had taxable income of $403,600. If they were to file separate tax returns, Lisa would have reported taxable income of $226,800 and Fred would have reported taxable income of $176,800. Use Tax Rate Schedule for reference. (the 2023 Tax Rate Schedule)
What is the couple's marriage penalty or benefit?
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