Linda and Raj are engaged to be married. Linda's 2015 taxable income as a single individual would be $83,500. Raj's 2015 taxable income as a single individual would be $118,000. When they marry before the end of 2015, how much of a marriage penalty will they incur?

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When Linda and Raj marry, their total taxable income will be $83,500 + $118,000 = $201,500. If they were married filing separately, their combined tax liability would be $58,715. However, when they file jointly as a married couple, their tax liability jumps to $59,407, resulting in a marriage penalty of $692.

Linda and Raj Are Engaged to Be Married