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Mathematics, 06.05.2020 19:09 barbie8775

In 2019, Lisa and Fred, a married couple, had taxable income of $300,000. If they were to file separate tax returns, Lisa would have reported taxable income of $125,000 and Fred would have reported taxable income of $175,000. Use Tax Rate Schedule for reference. What is the couple’s marriage penalty or benefit?

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In 2019, Lisa and Fred, a married couple, had taxable income of $300,000. If they were to file separ...

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