In 2014, Lisa and Fred, a married couple, have taxable income of $487,500. If they were to file separate tax returns, Lisa would have reported taxable income of $257,500 and Fred would have reported taxable income of $230,000. Use Tax Rate Schedule for reference.

Married filing Jointly. Use this chart 2014. If the tax income is over $405,100 but not over 457,600 , $109,587.50 plus 35% of the excess over $405,100. If taxable income is over $ 457,600 but not over ------- $127,962.50 plus 39.6% Of the excess over 457,600.

Married filing separately, If taxable income is over $228, 800 but not over ----- 63,981.25 plus 39.6% of the excess over $228,800. Standard deduction for married filing jointly are $12,400 and married filing separately are 6,200. Personal and dependency exemption for 2014 are $3,950'each.

What is the couple’s marriage penalty? (Do not round intermediate calculations. Round your answer to 2 decimal places. Input the amount as positive value.)