Problem $8-49($LO $8-1)($Algo$)$

In $2023,$ Jasmine and Thomas, a married couple, had taxable income of $$152,500.$ If they were to file separate tax

returns, Jasmine would have reported taxable income of $$142,500$ and Thomas would have reported taxable

income of $$10,000.$ Use Tax Rate Schedule for reference.

What is the couple's marriage penalty or benefit?

Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.Problem $8-49($LO $8-1)($Algo$)$

In $2023,$ Jasmine and Thomas, a married couple, had taxable income of $$152,500.$ If they were to file separate tax

returns, Jasmine would have reported taxable income of $$142,500$ and Thomas would have reported taxable

income of $$10,000.$ Use Tax Rate Schedule for reference.

What is the couple's marriage penalty or benefit?

Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.

Marriage benefit