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Mike and Maria are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries, they received interest of $350

Mike and Maria 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. Mike and Maria also paid $2,500 of qualifying moving expenses, and Maria paid alimony to a prior spouse in the amount of $1,500. Mike and Maria have a 10-year-old son, Matthew, who lived with them throughout the entire year. Thus, Mike and Maria are allowed to claim a $1,000 child tax credit for Matthew. Mike and Maria 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.(USE 2017 tax schedule.)

A. What is Mike and Marias gross income?
C. What is the total amount of Mike and Marias deductions from AGI?
B.What is Mike and Marias adjusted gross income?
D. What is Mike and Maria's taxable income?

E. What is Mike and Marias taxes payable or refund due for the year? (Round your answer to 2 decimal places.)

F. Complete the first two pages of Mike and Maria's Form 1040 (use 2016 forms if 2017 froms are unavailable).

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