Required information [The following information applies to the questions displayed below.) Marc and Michelle are married and earned salaries this year of $65,200 and $12,450, respectively. In addition to their salaries, they received 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 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 $6,300 of expenditures that qualify as itemized deductions (no charitable contributions) and they had a total of $2,605 in federal income taxes withheld from their paychecks during the year. (Use the tax rate schedules.) Complete Marc and Michelle's Form 1040, pages 1 and 2, and Schedule 1 (use the most recent form available). Marc and Michelle's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: Marc Taxpayer: 111-22-3333 Matthew Taxpayer: 333-44-5555 Michelle Taxpayer: 222-33-4444 Prior Spouse 111-11-1111 Required information [The following information applies to the questions displayed below.) Marc and Michelle are married and earned salaries this year of $65,200 and $12,450, respectively. In addition to their salaries, they received 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 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 $6,300 of expenditures that qualify as itemized deductions (no charitable contributions) and they had a total of $2,605 in federal income taxes withheld from their paychecks during the year. (Use the tax rate schedules.) Complete Marc and Michelle's Form 1040, pages 1 and 2, and Schedule 1 (use the most recent form available). Marc and Michelle's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: Marc Taxpayer: 111-22-3333 Matthew Taxpayer: 333-44-5555 Michelle Taxpayer: 222-33-4444 Prior Spouse 111-11-1111