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Hello, What am I missing, what's incorrect? [The following information applies to the questions displayed below.] Marc and Mikkel are married and earned salaries this
Hello,
What am I missing, what's incorrect?
[The following information applies to the questions displayed below.] Marc and Mikkel 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 $500 from corporate bonds. Marc contributed $2,500 to a traditional individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,500 (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 $6,000 of expenditures that qualify as itemized deductions, and they had a total of $2,500 in federal income taxes withheld from their paychecks during the year. (Use the omplete Marc and Mikkel's Form 1040, pages 1 and 2, and Schedule 1 (use the most recent forms available). larc and Mikkel's address is 19010 N.W. 135th Street, Miami, FL 33054. ocial security numbers: larc Taxpayer: 111-22-3333Mikkel Taxpayer: 222-33-4444 lason Taxpayer: 333-44-5555 Prior Spouse 111-11-1111 nput all the values as positive numbers. Enter any non-financial information, (e.g. Names, Addresses, social security umbers) EXACTLY as they appear in any given information or Problem Statement. Do not skip rows, while entering in eductions section of Form 1040 PG1. Use 2022 tax laws and 2021 tax form.) Neither Marc nor Michelle wish to contribute to he Presidential Election Campaign fund or had any virtual currency transactions or interests. Required information 1040 PG 1 1040 PG 2 Schedule 1 Form 1040 Page 1 and 2. For Nam 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. 2022 McGraw-Hill Education. 2022 Tax Rate Schedules Individuals Schedule X-Sinole Gohadn1a V_1_Mampiad Filina Tointler on Onolifuina U/idnwi(ar) [The following information applies to the questions displayed below.] Marc and Mikkel 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 $500 from corporate bonds. Marc contributed $2,500 to a traditional individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,500 (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 $6,000 of expenditures that qualify as itemized deductions, and they had a total of $2,500 in federal income taxes withheld from their paychecks during the year. (Use the omplete Marc and Mikkel's Form 1040, pages 1 and 2, and Schedule 1 (use the most recent forms available). larc and Mikkel's address is 19010 N.W. 135th Street, Miami, FL 33054. ocial security numbers: larc Taxpayer: 111-22-3333Mikkel Taxpayer: 222-33-4444 lason Taxpayer: 333-44-5555 Prior Spouse 111-11-1111 nput all the values as positive numbers. Enter any non-financial information, (e.g. Names, Addresses, social security umbers) EXACTLY as they appear in any given information or Problem Statement. Do not skip rows, while entering in eductions section of Form 1040 PG1. Use 2022 tax laws and 2021 tax form.) Neither Marc nor Michelle wish to contribute to he Presidential Election Campaign fund or had any virtual currency transactions or interests. Required information 1040 PG 1 1040 PG 2 Schedule 1 Form 1040 Page 1 and 2. For Nam 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. 2022 McGraw-Hill Education. 2022 Tax Rate Schedules Individuals Schedule X-Sinole Gohadn1a V_1_Mampiad Filina Tointler on Onolifuina U/idnwi(ar)Step by Step Solution
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