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What is the couples marriage penalty or benefit if they

In 2016, Lisa and Fred, a married couple, have taxable income of $487,500. If they were to file separate tax returns, Lisa would have reported taxable income of $257,500 and Fred would have reported taxable income of $230,000.

What is the couple's marriage penalty or benefit?

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Accounting Basics: What is the couples marriage penalty or benefit if they

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