Question: please answer. I will give a good feedback. thanks question A ) Marc and Michelle are married and earned salaries this year of $60,000 and
please answer. I will give a good feedback. thanks
question A ) Marc and Michelle are married and earned salaries this year of $60,000 and $15,000, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $500 from corporate bonds. Marc contributed $2,500 to a traditional individual retirement account, and he also paid alimony to a prior spouse in the amount of $1,500 (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 child tax credit for Matthew. Marc and Michelle paid $6,000 of expenditures that qualify as itemized deductions (no charitable contributions) and they had a total of $2,500 in federal income taxes withheld from their paychecks during the year. What is Marc and Michelles gross income?
B) Same facts as Question A What is Marc and Michelles adjusted gross income?
C) Same facts as Question A What is Marc and Michelles taxable income?
D) Same facts as Question A What is Marc and Michelles taxes payable or refund due?
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