What is the couple marriage penalty or benefit


Problem: In 2022, Lisa and Fred, a married couple, had taxable income of $307,200. If they were to file separate tax returns, Lisa would have reported taxable income of $128,600 and Fred would have reported taxable income of $178,600. Use Tax Rate Schedule for reference. What is the couple's marriage penalty or benefit? Note: Do not round intermediate calculations.

 

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