Marc and Mikkel are married and file a joint tax return. Marc and Mikkel earned salaries this year of $64,200 and $13,200, respectively. In addition to their salaries, they received interest of $354 from municipal bonds and $600 from corporate bonds. Marc contributed $2,600 to a traditional individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,600 (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 $6,200 of expenditures that qualify as itemized deductions, and they had a total of $2,596 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
Mikkel Taxpayer: 222-33-4444
Mason Taxpayer: 333-44-5555 Prior Spouse: 111-11-1111
PLEASE USE THIS INFORMATION TO FILL OUT THOSE 4 IMAGES QUESTIONS. (FORM 1040, PAGES 1 AND 2, AND SCHEDULE 1).
Required information [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 $64,200 and $13,200, respectively. In addition to their salaries, they received interest of $354 from municipal bonds and $600 from corporate bonds. Mare contributed $2,600 to a traditional individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,600 (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, Mare and Mikkel are allowed to claim a $2,000 child tax credit for Mason. Marc and Mikkel paid $6,200 of expenditures that qualify as itemized deductions, and they had a total of $2,596 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, Mlaml, FL 33054. 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 sklp rows, while entering in Deductions section of Form 1040 PG1. Use 2023 tax laws and 2022 tax form.) Nelther Mare 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. 2023 Tax Rate Schedules Individuals Srhedule X.Sincle Schedule Y-2-Married Filing Separately \begin{tabular}{|c|c|c|} \hline If taxable income is over: & But not over: & \multicolumn{1}{|c|}{ The tax is: } \\ \hline$10 & $11,000 & 10% of taxable income \\ \hline$11,000 & $44,725 & $1,100 plus 12% of the excess over $11,000 \\ \hline$44,725 & $95,375 & $5,147 plus 22% of the excess over $44,725 \\ \hline$95,375 & $182,100 & $16,290 plus 24% of the excess over $95,375 \\ \hline$182,100 & $231,250 & $37,104 plus 32% of the excess over $182,100 \\ \hline$346,875 & $346,875 & $52,832 plus 35% of the excess over $231,250 \\ \hline & - & $93,300.75 plus 37% of the excess over $346,875 \\ \hline \end{tabular} 1040 U.S. Individual Income Tax Return 12022 Oun No. 1545-ogre \begin{tabular}{|c|c|c|} \hline SCHEDULE 1 & Income and & OMB No. \\ \hline \begin{tabular}{l} Dopartment of the Treasury \\ Interas Reverne Service \end{tabular} & \begin{tabular}{l} Attach to Form 1040, 1040-SR, or 1040-NR. \\ Go to www.irs.gov/Form 1040 for instructions and the latest information. \end{tabular} & \\ \hline \end{tabular} Schedule 1 (Form 1040) 2022 Page 2 Part II Adjustments to Income 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 unlawful discrimination claims (see instructions) . i Attorney fees and court costs you paid in connection with an award from the IRS for information you provided that helped the IRS detect tax law violations j Housing deduction from Form 2555 k Excess deductions of section 67(e) expenses from Schedule K-1 (Form 1041) z Other adjustments. List type and amount: \begin{tabular}{|l|l} \hline 11 & \\ \hline 12 & \\ \hline 13 & \\ \hline 14 & \\ \hline 15 & \\ \hline 16 & \\ \hline 17 & \\ \hline 18 & \\ \hline 19a & \\ \hline & \\ \hline 20 & \\ \hline 21 & \\ \hline 22 & \\ \hline 23 & \\ \hline \\ & \\ \hline 26 & \\ \hline \end{tabular} 25 Total other adjustments. Add lines 24 a through 24z 26 Add lines 11 through 23 and 25. These are your adjustments to income. Enter here and on Form 1040 or 1040 -SR, line 10 , or Form 1040NR, line 10a Schedule 1 (Form 1040) 2022
