answer 1,2 question in circle
IU - ABE 3 E Styles Text Box 2 Themes uuu wupon Or 1-, up w piw Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and S500 from corporate bonds. Marc contributed $2,500 to an individual retirement account and he also paid alimony to a prior spouse in the amount of $1,500. 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 $2,000 child tax credit for Matthew. Marc and Michelle paid $6,000 of expenditures that qualify as itemized deductions and they had a total of $5,500 in federal income taxes withheld from their paychecks during the course of the year. Points 0.6 Amount | Computation elelalelele Description (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions (6) Greater of standard deduction or itemized deductions (7) Taxable income (8) Income tax liability 19) Credits 1 (10) Prepayments Taxes refund with retur 0.2 (1 point) Complete pages 1 and 2 of Marc and Michelle's 2018 Form 1040. Make u addresses and social security numbers 1 point: how might your answer in For AGI deductions be different if this tax return was for 2019? Hint: Alimony (note that the default grade for this assignment and all non-MC is 85 percent or 4.25/5. To get higher than 4.25 your answer to this question must be excellent. =0 2 Print Layout View Sec Sec 1 Page 1 a. What is Mare and Michelle's gross income! Answer 1 of 1 576,507 See analyse below b. What is Mare and Michelle's adjusted gross income! $72.00 Se l ow . What is the total amount of Mars and Michelle decom A GE 302.350. Se analysis in d. What is Mare and Michelle's table income! 550150 Se analysis belon .. What is Marc and Michelle's taxes payable or refund due for the year (use the tax te schedules 5812 se refundable. See analysis below Description 1) Realed income from all pour 76.50 12.000 54.00 wicipal bond ary 350 500 cope 2) Excelor de med _350 Nontable pal bondiner (3) Grin 76 500 - W For Additions 40 2500 1.300 5) Adidasi 16 Standard die 72.00 11 400 3-14) Murid 60 Godard Word LOS Spec ce yio Total deduces from GI 10) Tesale income 5 + 1 SS.IS 112) Income tax lily SES 50.150-16 1 .670 rute schedule for mand ing w ww dallar 173 CM 114) Totax 712) + (13) 56.688 2000) Childcrdifor ros Man VIPs
