3. Complete a 2018 tax return (form 1040 and Schedule A) for Mark and Alice in excel Both taxpayers are 46 years old, and have MFJ status They have three children minor, dependent children Mark's 2018 salary was $200,000, and his employer withheld $41,000 for federal taxes and $8,000 for state taxes. In addition, the appropriate amount of social security and Medicare taxes were withheld (6.2% of 128,400 and 1.45% of 225,000). Alice's 2018 salary was $310,000, and his employer withheld $52,000 of federal and $9,900 of state taxes. In addition, the appropriate amount of social security and Medicare taxes were withheld (6.2% of 128,400 and 1.45% of 228,000) None of a potential additional Medicare tax was withheld from either taxpayer The couple earned $8,400 of interest income from corporate bonds, and another $2,400 of interest income from municipal tax-free bonds qualified dividends. They also received $4,000 of non-qualified dividends years ago . They received $12,000 in dividends on Blue Corporation stock. These dividends are The couple sold Apple stock for $93,000, and they had paid $45,000 for the Apple stock 12 The couple paid $26,000 in mortgage interest They paid $12,000 in local property taxes Medical expenses paid during the year were $11,200 Charitable contributions were $4,200 during the year Unreimbursed job expenses were $4,800 Break down how much tax was saved by having a lower rate on capital gains and dividends (the tax owed before additional Medicare and NIIT) 3. Complete a 2018 tax return (form 1040 and Schedule A) for Mark and Alice in excel Both taxpayers are 46 years old, and have MFJ status They have three children minor, dependent children Mark's 2018 salary was $200,000, and his employer withheld $41,000 for federal taxes and $8,000 for state taxes. In addition, the appropriate amount of social security and Medicare taxes were withheld (6.2% of 128,400 and 1.45% of 225,000). Alice's 2018 salary was $310,000, and his employer withheld $52,000 of federal and $9,900 of state taxes. In addition, the appropriate amount of social security and Medicare taxes were withheld (6.2% of 128,400 and 1.45% of 228,000) None of a potential additional Medicare tax was withheld from either taxpayer The couple earned $8,400 of interest income from corporate bonds, and another $2,400 of interest income from municipal tax-free bonds qualified dividends. They also received $4,000 of non-qualified dividends years ago . They received $12,000 in dividends on Blue Corporation stock. These dividends are The couple sold Apple stock for $93,000, and they had paid $45,000 for the Apple stock 12 The couple paid $26,000 in mortgage interest They paid $12,000 in local property taxes Medical expenses paid during the year were $11,200 Charitable contributions were $4,200 during the year Unreimbursed job expenses were $4,800 Break down how much tax was saved by having a lower rate on capital gains and dividends (the tax owed before additional Medicare and NIIT)