respectively. In addition to their salaries, they receved interest of $$368$ from municipal bonds and $59$

bonds. Marc contributed $$2,950$ to a traditional individual retirement account, and Marc paid alimony

the amount of $$1,950($under a divorce decree effective June $1,2017).$ Marc and Mikkel have a $10-$yea

Mason, who lived with them throughout the entire year. Thus, Marc and Mikkel are allowed to claim of

credt for Mason. Marc and Mikkel paid $$6\mathrm{.}900$ of expenditures that qualify as itemized deductions, $0$

$$2,932$ in federal income taxes with

Comprehensive Problem $4-56$ Part$-$a through e $($Algo$)$

Required:

a$.$ What is Marc and Mikel's gross income?

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

c$.$ What is the total amount of Marc and Mikkel's deductions from AGI?

d$.$ What is Marc and Mikkel's taxable income?

e$.$ What is Marc and Mikkel's tanes payable or refund due for the year?

Ancwer is not complete.

Required B Required C

What is the total amount of Marc and Milkal's deductions from AGI?

Iatal dadadions fom AGI

$5,27\mathrm{.}700$