Business
Business, 23.09.2019 23:00, basketking333

Marc and michelle are married and earned salaries this year of $70,400 and $14,400, respectively. in addition to their salaries, they received interest of $350 from municipal bonds and $1,300 from corporate bonds. marc contributed $3,300 to an individual retirement account, and marc paid alimony to a prior spouse in the amount of $2,300. marc and michelle have a 10-year-old son, matthew, who lived with them throughout the entire year. thus, marc and michelle are allowed to claim a $2,000 child tax credit for matthew. marc and michelle paid $7,600 of expenditures that qualify as itemized deductions and they had a total of $6,665 in federal income taxes withheld from their paychecks during the course of the year

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Marc and michelle are married and earned salaries this year of $70,400 and $14,400, respectively. in...

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