Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition
Question:
a. What is Marc and Michelle's gross income?
b. What is Marc and Michelle's adjusted gross income?
c. What is the total amount of Marc and Michelle's deductions from AGI?
d. What is Marc and Michelle's taxable income?
e. What is Marc and Michelle's taxes payable or refund due for the year (use the tax rate schedules)?
f. Complete the first two pages of Marc and Michell's Form 1040 (use 2013 forms if 2014 forms are unavailable)
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Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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