In 2019, Lisa and Fred, a married couple, had taxable income of \$300,000. If they were…

In 2019, Lisa and Fred, a married couple, had taxable income of
\$300,000. If they were to file separate tax returns, Lisa would
have reported taxable income of \$125,000 and Fred would have
reported taxable income of \$175,000. Use Tax Rate Schedule for
reference.
What is the couple’s marriage penalty or benefit? (Do
not round intermediate calculations.)
2019 Tax Rate Schedules
Individuals
Schedule X-Single

If taxable income is
over:
But not over:
The tax is:

\$
0
\$    9,700
10% of taxable income

\$    9,700
\$ 39,475
\$970 plus 12% of the excess over \$9,700

\$ 39,475
\$ 84,200
\$4,543 plus 22% of the excess over \$39,475

\$ 84,200
\$160,725
\$14,382.50 plus 24% of the excess over \$84,200

\$160,725
\$204,100
\$32,748.50 plus 32% of the excess over \$160,725

\$204,100
\$510,300
\$46,628.50 plus 35% of the excess over \$204,100

\$510,300

\$153,798.50 plus 37% of the excess over \$510,300

Schedule Y-1-Married Filing Jointly or Qualifying
Widow(er)

If taxable income is
over:
But not
over:
The tax is:

\$

0
\$ 19,400
10% of taxable income

\$ 19,400
\$ 78,950
\$1,940 plus 12% of the excess over
\$19,400

\$ 78,950
\$168,400
\$9,086 plus 22% of the excess over
\$78,950

\$168,400
\$321,450
\$28,765 plus 24% of the excess over
\$168,400

\$321,450
\$408,200
\$65,497 plus 32% of the excess over
\$321,450

\$408,200
\$612,350
\$93,257 plus 35% of the excess over
\$408,200

\$612,350

\$164,709.50 plus 37% of the excess over
\$612,350

Household

If taxable income
is over:
But not
over:
The tax is:

\$

0
\$ 13,850
10% of taxable income

\$ 13,850
\$ 52,850
\$1,385 plus 12% of the excess over
\$13,850

\$ 52,850
\$ 84,200
\$6,065 plus 22% of the excess over
\$52,850

\$ 84,200
\$160,700
\$12,962 plus 24% of the excess over
\$84,200

\$160,700
\$204,100
\$31,322 plus 32% of the excess over
\$160,700

\$204,100
\$510,300
\$45,210 plus 35% of the excess over
\$204,100

\$510,300

\$152,380 plus 37% of the excess over
\$510,300

Schedule Y-2-Married Filing
Separately

If taxable income is
over:
But not
over:
The tax is:

\$

0
\$
9,700
10% of taxable income

\$
9,700
\$ 39,475
\$970 plus 12% of the excess over \$9,700

\$ 39,475
\$ 84,200
\$4,543 plus 22% of the excess over
\$39,475

\$ 84,200
\$160,725
\$14,382.50 plus 24% of the excess over
\$84,200

\$160,725
\$204,100
\$32,748.50 plus 32% of the excess over
\$160,725

\$204,100
\$306,175
\$46,628.50 plus 35% of the excess over
\$204,100

\$306,175

\$82,354.75 plus 37% of the excess over
\$306,175