Question: please explain i need help understanding how to do it Required information [The following information applies to the questions displayed below] Marc and Mikkel are
Required information [The following information applies to the questions displayed below] Marc and Mikkel are married and earned salarles this year of $64.000 and $12.000, respectively, In addition to their salaries, they received interest of $50 from municipal bonds and $500 from corporate bonds. Marc contributed $2,500 to a traditional individual retirement account, and Marc poid alimony to a prior spocse in the amount of $1,500 (under a divorce decree effective June 1,2006). Marc and Makkel have a 10 year-old adopted son Mason, who lived with them throughout the entire year. Thus. Marc and Mikkel are allowed to claim a $2,000 child tax credit for Mason. Marc and Mikkel paid $6,000 of expenditures that qualify as ilemized deductions (no charitable contributions). and they had a total of \$2.500 in federal income tayes withheld from their paychecks during the year. (Use the tax rate schectles.) Complete Marc and Mikkel's Form 1040, pages 1 and 2, and Schedule 1 (use the most recent forms avaiable) Marc and Mikkeis address is 19010NW,135 th Street, Miami, fl 33054. Social security numbers: Marc Taxpayer. 111-22-3333 Mikkel Marc 222-33-4444 Mason Marc:333-44.5555 Prior Spouse 111-11-411 (Input all the values as positive numbers. Enter any non-financial informotion, (e.g. Noanes, Addresses, social security numbers) EXACTLY os they oppeor in any given information or Problem Statement. Do not skip rows, while entering in Deductions section of Form 1040 PG1. Use 2022 tax laws and 2021 tox form.) Neither Mare nor Michelle wich to contribute to the Presidential Election Campaign fund or hod ony virtuol currency transoctions or interests. Complete Marc and Mikkel's form 1040 , peges 1 and 2 , and Schedule 1 (use the most recent form available)
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