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Do they have a marriage penalty when they file their joint

Sally and Jim are married and have taxable income in 2004 of $140,000. If they could file their income tax as single individuals, each of them would have taxable income of $70,000. Do they have a marriage penalty when they file their joint return? If so, what is the amount of the penalty?

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Accounting Basics: Do they have a marriage penalty when they file their joint

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Accounting Basics: Do they have a marriage penalty when they file their joint

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