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  3. in 2020, jasmine and thomas, a married couple, had

In 2020, Jasmine and Thomas, a married couple, had taxable income of $99,000. If they...

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Accounting

In 2020, Jasmine and Thomas, a married couple, had taxable income of $99,000. If they were to file separate tax returns, Jasmine would have reported taxable income of $89,000 and Thomas would have reported taxable income of $10,000. Use Tax Rate Schedule for reference.
What is the couples marriage penalty or benefit? (Do not round intermediate calculations.)

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