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In 2023, Lisa and Fred, a married couple, had taxable income of $401,200. If they...

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Accounting

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In 2023, Lisa and Fred, a married couple, had taxable income of $401,200. If they were to file separate tax returns, Lisa would have reported taxaBle income of $225,600 and Fred would have reported taxable income of $175,600. Use Tax Rate Schedule for teference. What is the couple's marriage penalty or benefit? Note: Do not round intermediate calculations

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