In 2013 lisa and fred a married couple have taxable income, Ask an Expert

Accounting

In 2013, Lisa and Fred, a married couple, have taxable income of $545,000. If they were to file separate tax returns, Lisa would have reported taxable income of $360,000 and Fred would have reported taxable income of $185,000

What is the couple's marriage penalty or benefit?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9796993

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