Marc and Mikkel are married and file a joint tax return. Marc and Mikkel 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 $1,2017).$ 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 tax rate schedules.$)$

Required:

a$.$ What is Marc and Mikkel's gross income?

b$.$ What is Marc and Mikkel's adjusted gross income?

c$.$ What is the total amount of Marc and Mikkel's deductions from AGI?

d$.$ What is Marc and Mikkel's taxable income?

e$.$ What is Marc and Mikkel's taxes payable or refund due for the year?

Then take this information with the following and enter it on a $1040$

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$.135$th 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 $1040$ PG$1.$ Use $2024$ tax laws and $2023$ tax form.$)$ Neither Marc nor Michelle wish to contribute to the Presidential Election Campaign fund or had any virtual currency transactions or interests. Please put what line they should go on the $1040.$