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Required information [The following information applies to the questions displayed below.] Marc and Mikkel are married and eamed salaries this year of $64,300 and $13,800,

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Required information [The following information applies to the questions displayed below.] Marc and Mikkel are married and eamed salaries this year of $64,300 and $13,800, respectively. In addition to their salarles, they recelved interest of $350 from municipal bonds and $650 from corporate bonds. Marc contributed $2,650 to a traditional individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,650 (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 $6,300 of expenditures that qualify as itemized deductions, and they had a total of $2,605 in federal income taxes withheld from their paychecks during the year. (Use the tax rate schedules.) Required: a. What is Marc and Mikkel's gross income? b. What is Marc and Mikkel's adjusted gross income? c. What is the total amount of Marc and Mikkeis deductions from AGI? d. What is Marc and Mikkeis taxable income? e. What is Morc and Mikker's taxes payoble or refund due for the year? What is Mare and Milkel's gross income? 2022 Tax Rate Schedules Individuals

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