In 2023, Lisa and Fred, a married couple, have taxable income of $400,000. If they were to
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In 2023, Lisa and Fred, a married couple, have taxable income of $400,000. If they were to file separate tax returns, Lisa would have reported taxable income of $225,000 and Fred would have reported taxable income of $175,000. What is the couple’s marriage penalty or benefit?
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The couple would have a marriage benefit of 568 That is they pay 568 ...View the full answer
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Diksha Bhasin
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Related Book For 
McGraw Hills Taxation Of Individuals And Business Entities 2024
ISBN: 9781265357276
15th Edition
Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham, Edmund Outslay
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