Mr. Masons salary was $397,000, and Mrs. Masons salary was $344,000. They had no other income items, no above-the-line or itemized deductions, and no dependents. Assume the taxable year is 2018. Use Individual Tax Rate Schedules and Standard Deduction Table.

Compute their tax on a joint return.

Compute their tax if they file separate returns (married filing separately).

Compute their marriage penalty (excess of tax on a joint return over combined tax on two returns filed as single taxpayers).

Married Filling Jointly and Surviving Spouse If taxable Income is Not over $19,050 Over $19,050 but not over $77,400 Over $77,400 but not over $165,000 Over $165,000 but not over $315,000 Over $315,000 but not over $400,000 Over $400,000 but not over $600,000 Over $600,000 The tax Is: 10% of taxable income $ 1 .905 00 + 1 2% of excess over $ 1 9,050 $8,907.00 + 22% of excess over $77,400 $28,179.00 + 24% of excess over $165,000 $64,179.00 + 32% of excess over $315,000 $91,379.00 + 35% or excess over $400,000 $ 161,379.00 + 37% or excess over $600,000