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

Schedule Z-Head of
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