Business
Business, 30.09.2019 20:00, tsmittens137

Marc and michelle are married and earned salaries this year of $64,000 and $12,000, respectively. in addition to their salaries, they received interest of $350 from municipal bonds and $500 from corporate bonds. marc contributed $2,500 to an individual retirement account, and marc paid alimony to a prior spouse in the amount of $1,500. 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 $6,000 of expenditures that qualify as itemized deductions and they had a total of $3,500 in federal income taxes withheld from their paychecks during the course of the year. (use the tax rate schedules.) complete marc and michelle’s form 1040, pages 1 and 2, and schedule 1 (use the most recent form available). marc and michelle’s address is 19010 n. w. 135th street, miami, fl 33054. social security numbers: marc taxpayer: 111-22- michelle taxpayer: 222-33- matthew taxpayer: 333-44-

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Marc and michelle are married and earned salaries this year of $64,000 and $12,000, respectively. in...

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