In 2016, Jasmine and Thomas, a married couple, have taxable income of $150,000. If they were to
Question:
In 2016, Jasmine and Thomas, a married couple, have taxable income of
$150,000. If they were to file separate tax returns, Jasmine would have reported taxable income of $140,000 and Thomas would have reported taxable income of $10,000. What is the couple’s marriage penalty or benefit?
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Related Book For 
McGraw-Hill's Taxation Of Individuals
ISBN: 9781259729027
2017 Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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