Marc and Mikkel are married and earned salaries this year of $65,400 and $20,400, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $1,200 from corporate bonds. Marc contributed $3,200 to a traditional individual retirement account, and Marc paid alimony to a prior spouse in the amount of $2,200 (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 $7,400 of expenditures that qualify as itemized deductions, and they had a total of $3,450 in federal income taxes withheld from their paychecks during the year. (Use the tax rate schedules.) 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 Mason Taxpayer: 333-44-5555 Mikkel Taxpayer: 222-33-4444 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 2022 tax laws and 2021 tax form.) Neither Marc nor Mikkel wish to contribute to the Presidential Election Campaign fund or had any virtual currency transactions or interests. Complete Marc and Mikkel's Form 1040, pages 1 and 2, and Schedule 1 (use the most recent form available). 1040 PG 1 1040 PG 2 Schedule 1 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: $ 0 $ 20,550 $ 20,550 $ 83,550 $178,150 $340,100 $ 83,550 $ 178,150 $ 340,100 $431,900 $431,900 $ 647,850 $647,850 The tax is: 10% of taxable income $2,055 plus 12% of the excess over $20,550 $9,615 plus 22% of the excess over $83,550 $30,427 plus 24% of the excess over $178,150 $69,295 plus 32% of the excess over $340,100 $98,671 plus 35% of the excess over $431,900 $174,253.50 plus 37% of the excess over $647,850 Schedule Z-Head of Household If taxable income is over: But not over: $ 0 $ 14,650 $ 55,900 $ 89,050 $ 170,050 $ 215,950 $539,900 $ 14,650 $ 55,900 $ 89,050 $170,050 $215,950 $539,900 The tax is: 10% of taxable income $1,465 plus 12% of the excess over $14,650 $6,415 plus 22% of the excess over $55,900 $13,708 plus 24% of the excess over $89,050 $33,148 plus 32% of the excess over $170,050 $47,836 plus 35% of the excess over $215,950 $161,218.50 plus 37% of the excess over $539,900 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $ 10,275 $ 41,775 $ 89,075 $170,050 $ 215,950 $323,925 $ 10,275 $ 41,775 $ 89,075 $ 170,050 $ 215,950 $323,925 The tax is: 10% of taxable income $1,027.50 plus 12% of the excess over $10,275 $4,807.50 plus 22% of the excess over $41,775 $15,213.50 plus 24% of the excess over $89,075 $34,647.50 plus 32% of the excess over $170,050 $49,335.50 plus 35% of the excess over $215,950 $87,126.75 plus 37% of the excess over $323 925