Question: can you fill in those boxes woth description then amount Marc and Michelle are married and earned salaries this year of $67,600 and $13,350, respectively.
Marc and Michelle are married and earned salaries this year of $67,600 and $13,350, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $950 from corporate bonds Marc contributed $2,950 to a traditional Individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,950 (under a divorce decree effective June 1, 2006). 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 $3,000 child tax credit for Matthew. Marc and Michelle paid $6,900 of expenditures that qualify as itemized deductions (no charitable contributions) and they had a total of $3,130 in federal income taxes withheld from their paychecks during the year. (Use the tax rate schedules.) a. What Is Marc and Michelle's gross income? Description Marc's salary Amount 67,600 13,350 950 $ 81,900 Alimony pald Corporate bond interest IRA contribution Marc's salary Michelle's salary Minicinal hand interact w
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