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Required information The following information applies to the questions displayed below Marc and Michelle are married and earned salaries this year of $68,000 and $13,500,

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Required information The following information applies to the questions displayed below Marc and Michelle are married and earned salaries this year of $68,000 and $13,500, respectively. In addition to their art 1 of 2 salaries, they received interest of $350 from municipal bonds and $1,000 from corporate bonds. Marc contributed $ to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $ have a 10-year-old son, Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle are allowed to claim a $2,000 child tax credit for Matthew. Marc and Michelle paid $7,000 of expenditures that qualify as itemized deductions and they had a total of $6,100 in federal income taxes withheld from their paychecks during the course of the 3,000 2,000. Marc and Michelle oints eBook Print References year. (Use the tax rate schedules) a. What is Marc and Michelle's gross income? Gross income

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