Required information Skip to question [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 $64,000 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, 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 $6,000 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 of 2023.

Complete pages 1 and 2 of Form 1040 for Marc and Mikkel. (Use the most recent form available).

Visit the IRS website and download Form 1040. Enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save."

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

Taxes dueselected answer correct

$436selected answer correct

D. What is Marc and Mikkel's taxable income?

Taxable income

$44,800selected answer correct

C. at is the total amount of Marc and Mikkel's deductions from AGI?

Total deductions from AGI

$27,700selected answer correct

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

Adjusted gross income

$72,500

A. hat is Marc and Mikkel's gross income?

Description	Amount
Corporate bond interestselected answer correct	$500selected answer correct
Marc's salaryselected answer correct	64,000selected answer correct
Mikkel's salaryselected answer correct	12,000selected answer correct
not attempted	not attempted
Gross income	$76,500