Required information Comprehensive Problem 4-55 (LO 4-1, LO 4-2, LO 4-3) (Algo) [The following information applies to the questions displayed below] Marc and Michelle are married and earned salaries this year of $64,400 and $12,150, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $550 from corporate bonds. Marc contributed $2,550 to a traditional individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,550 (under a divorce decree effective June 1, 2006). Marc and Michelle have a 10-year-old son, Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle are allowed to claim a $3,000 child tax credit for Matthew Marc and Michelle paid $6,100 of expenditures that qualify as itemized deductions (no charitable contributions) and they had a total of $2,550 in federal income taxes withheld from their paychecks during the year (Use the tax rate schedules.) Comprehensive Problem 4-55 Part-a through e (Algo) a. What is Marc and Michelle's gross income? Description Gross income Amount