2023 Tax Rate Schedules Individuals Schedule X-Sinole Srhedule V-1_Married Filino .Inintly or Onalifvino curvivino cnouce Required information Comprehensive Problem 4-56 (LO 4-1, LO 4-2, LO 4-3) (Algo) [The following information applies to the questions displayed below.] Marc and Mikkel are married and file a joint tax return. Marc and Mikkel earned salaries this year of $65,300 and $19,800, respectively. In addition to their salaries, they received interest of $376 from municipal bonds and $1,150 from corporate bonds. Marc contributed $3,150 to a traditional individual retirement account, and Marc paid alimony to a prior spouse in the amount of \$2,150 (under a divorce decree effective June 1, 2006). Marc and Mikkel 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 $7,300 of expenditures that qualify as itemized deductions, and they had a total of $3,124 in federal income taxes withheld from their paychecks during the year. (Use the Comprehensive Problem 4-56 Part f (Algo) Complete Marc and Mikkel's Form 1040, pages 1 and 2, and Schedule 1 (use the most recent forms available). Marc and Mikkel's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: Marc Taxpayer: 111-22-3333 Mikkel Taxpayer: 222-33-4444 Mason Taxpayer: 333-44-5555 Prior Spouse: 111-11-1111 (Input all the values as positive numbers. Enter any non-financial information, (e.g. Names, Addresses, social security numbers) EXACTLY as they appear in any given information or Problem Statement. Do not skip rows, while entering in Deductions section of Form 1040 PG1. Use 2023 tax laws and 2022 tax form.) Neither Marc nor Mikkel wish to contribute to the Presidential Election Campaign fund or had any virtual currency transactions or interests. Form 1040 Page 1 and 2. \begin{tabular}{c|c|c} Form & \begin{tabular}{c} Department of the Treasury \\ -Internal Revenue Service (99) \end{tabular} & \\ 1040 & U.S. Individual & \\ In. \end{tabular} THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. Source: irs.gov Form 1040 Page 1 and 2. THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY Income from the rental of personal property if you engaged in I the rental for profit but were not in the business of renting such property Olympic and Paralympic medals and USOC prize money (see m instructions) n Section 951(a) inclusion (see instructions) - Section 951A(a) inclusion (see instructions) p Section 461(I) excess business loss adjustment q Taxable distributions from an ABLE account (see instructions) r Scholarship and fellowship grants not reported on Form W-2 s Nontaxable amount of Medicaid waiver payments included on Form s 1040, line 1a or 1d t Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan u Wages earned while incarcerated z Other income. List type and amount Part II Adjustments to Income 11 Educator expenses 12 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 13 Health savings account deduction. Attach Form 8889 14 Moving expenses for members of the Armed Forces. Attach Form 3903 15 Deductible part of self-employment tax. Attach Schedule SE 16 Self-employed SEP, SIMPLE, and qualified plans 17 Self-employed health insurance deduction 18 Penalty on early withdrawal of savings 19a Alimony paid b Recipient's SSN c Date of original divorce or separation agreement (see instructions) 20 IRA deduction 21 Student loan interest deduction 22 Reserved for future use 23 Archer MSA deduction 24 Other adjustments: a Jury duty pay (see instructions) b Deductible expenses related to income reported on line 81 from the rental of personal property engaged in for profit c Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m d Reforestation amortization and expenses e Repayment of supplemental unemployment benefits under the Trade Act of 1974 f Contributions to section 501(c)(18)(D) pension plans g Contributions by certain chaplains to section 403(b) plans h Attorney fees and court costs for actions involving certain unlaw ful discrimination claims (see instructions) Attorney fees and court costs you paid in connection with an i award from the IRS for information you provided that helped the IRS detect tax law violations j Housing deduction from Form 2555 \begin{tabular}{|c|l|} \hline 24a & \\ \hline 24b & \\ \hline 24c & \\ \hline 24d & \\ \hline 24e & \\ \hline 24f & \\ \hline 24g & \\ \hline 24h & \\ \hline 24i & \\ \hline 24j & \\ \hline \end{tabular}