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respectively. In addition to their salaries, they receved interest of $ 3 6 8 from municipal bonds and 5 9 bonds. Marc contributed $ 2
respectively. In addition to their salaries, they receved interest of $ from municipal bonds and
bonds. Marc contributed $ to a traditional individual retirement account, and Marc paid alimony
the amount of $under a divorce decree effective June Marc and Mikkel have a 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 $ of expenditures that qualify as itemized deductions,
$ in federal income taxes with
Comprehensive Problem Parta 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
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