Marc and Michelle aremarried and earned salaries this year of $73,200 and $15,450,respectively. In addition to their salaries, they received interestof $350 from municipal bonds and $1,650 from corporate bonds. Marccontributed $3,650 to an individual retirement account, and Marcpaid alimony to a prior spouse in the amount of $2,650. Marc andMichelle have a 10-year-old son, Matthew, who lived with themthroughout the entire year. Thus, Marc and Michelle are allowed toclaim a $2,000 child tax credit for Matthew. Marc and Michelle paid$8,300 of expenditures that qualify as itemized deductions and theyhad a total of $7,170 in federal income taxes withheld from theirpaychecks during the course of the year. (Use the tax rateschedules.)

a.What is Marc and Michelle’s gross income?

description	amount
gross income

    

b.What is Marc and Michelle’s adjusted gross income?

    

c.What is the total amount of Marc and Michelle’s deductions fromAGI?

    

d.What is Marc and Michelle’s taxable income?

    

e.What is Marc and Michelle’s taxes payable or refund due for theyear?

    

Marc and Michelle aremarried and earned salaries this year of $73,200 and $15,450,respectively. In addition to their salaries, they received interestof $350 from municipal bonds and $1,650 from corporate bonds. Marccontributed $3,650 to an individual retirement account, and Marcpaid alimony to a prior spouse in the amount of $2,650. Marc andMichelle have a 10-year-old son, Matthew, who lived with themthroughout the entire year. Thus, Marc and Michelle are allowed toclaim a $2,000 child tax credit for Matthew. Marc and Michelle paid$8,300 of expenditures that qualify as itemized deductions and theyhad a total of $7,170 in federal income taxes withheld from theirpaychecks during the course of the year. (Use the tax rateschedules.)

Download theTax Form and enter the required values in the appropriate fields.Complete the first two pages of Marc and Michelle's Form 1040 (usethe most recent form available).

Please right click on the attached Adobe document andselect open in new window. Then, download the Tax Form and enterthe required values in the appropriate fields. Save your completedTax Form to your computer and then upload it here by clicking"Browse." Next, click "Save."

federal taxprocedure

1040 Department of theTreasury—Internal Revenue Service (99) U.S. Individual Income TaxReturn 2017 OMB No. 1545-0074 IRS Use Only—Do not write or staplein this space. For the year Jan. 1–Dec. 31, 2017, or other tax yearbeginning , 2017, ending , 20 See separate instructions. Your firstname and initial Last name Your social security number
If a joint return, spouse’s first name and initial Last nameSpouse’s social security number
? Make sure the SSN(s) above and on line 6c are correct.
Home address (number and street). If you have a P.O. box, seeinstructions. Apt. no.
City, town or post office, state, and ZIP code. If you have aforeign address, also complete spaces below (seeinstructions).
Foreign countryname                                       Foreignprovince/state/county                       Foreign postal code  
Presidential Election Campaign Check here if you, or your spouse iffiling jointly, want $3 to go to this fund. Checking a box belowwill not change your tax or refund. You Spouse
Filing Status
Check only one box.
1 Single 2 Married filing jointly (even if only one had income) 3Married filing separately. Enter spouse’s SSN above and full namehere. ?
4 Head of household (with qualifying person). (See instructions.)If the qualifying person is a child but not your dependent, enterthis child’s name here. ? 5 Qualifying widow(er) (see instructions)Exemptions 6a Yourself. If someone can claim you as a dependent, donot check box 6a . . . . . b Spouse . . . . . . . . . . . . . . . .. . . . . . . . } c Dependents: (1) Firstname                        Last name (2) Dependent’s social security number (3) Dependent’srelationship to you (4) ? if child under age 17 qualifying forchild tax credit (see instructions)
If more than four dependents, see instructions and check here?
d Total number of exemptions claimed . . . . . . . . . . . . . . .. .
Boxes checked on 6a and 6b No. of children on 6c who: • lived withyou • did not live with you due to divorce or separation (seeinstructions) Dependents on 6c not entered above Add numbers onlines above ?
Income
Attach Form(s) W-2 here. Also attach Forms W-2G and  1099-R if tax was withheld.
If you did not get a W-2,   see instructions.
7 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . .. . . 7 8a Taxable interest. Attach Schedule B if required . . . .. . . . . . . . 8a b Tax-exempt interest. Do not include on line 8a. . . 8b 9 a Ordinary dividends. Attach Schedule B if required . .. . . . . . . . . 9a b Qualified dividends . . . . . . . . . . . 9b10 Taxable refunds, credits, or offsets of state and local incometaxes . . . . . . 10 11 Alimony received . . . . . . . . . . . . .. . . . . . . . 11 12 Business income or (loss). Attach Schedule Cor C-EZ . . . . . . . . . . 12 13 Capital gain or (loss). AttachSchedule D if required. If not required, check here ? 13 14 Othergains or (losses). Attach Form 4797 . . . . . . . . . . . . . . 1415 a IRA distributions . 15a b Taxable amount . . . 15b 16 aPensions and annuities 16a b Taxable amount . . . 16b 17 Rentalreal estate, royalties, partnerships, S corporations, trusts, etc.Attach Schedule E 17 18 Farm income or (loss). Attach Schedule F .. . . . . . . . . . . . . 18 19 Unemployment compensation . . . . .. . . . . . . . . . . . 19 20 a Social security benefits 20a bTaxable amount . . . 20b 21 Other income. List type and amount 2122 Combine the amounts in the far right column for lines 7 through21. This is your total income ? 22
Adjusted Gross Income
23 Educator expenses . . . . . . . . . . . 23 24 Certain businessexpenses of reservists, performing artists, and fee-basisgovernment officials. Attach Form 2106 or 2106-EZ 24 25 Healthsavings account deduction. Attach Form 8889 . 25 26 Movingexpenses. Attach Form 3903 . . . . . . 26 27 Deductible part ofself-employment tax. Attach Schedule SE . 27 28 Self-employed SEP,SIMPLE, and qualified plans . . 28 29 Self-employed healthinsurance deduction . . . . 29 30 Penalty on early withdrawal ofsavings . . . . . . 30 31 a Alimony paid b Recipient’s SSN ? 31a 32IRA deduction . . . . . . . . . . . . . 32 33 Student loan interestdeduction . . . . . . . . 33 34 Tuition and fees. Attach Form 8917. . . . . . 34 35 Domestic production activities deduction. AttachForm 8903 35 36 Add lines 23 through 35 . . . . . . . . . . . . . .. . . . . 36 37 Subtract line 36 from line 22. This is youradjusted gross income . . . . . ? 37 For Disclosure, Privacy Act,and Paperwork Reduction Act Notice, see separate instructions. Cat.No. 11320B Form 1040 (2017)
Form 1040 (2017) Page 2
Tax and Credits
38 Amount from line 37 (adjusted gross income) . . . . . . . . . .. . . . 38 39a Check if: { You were born before January 2, 1953,Blind. Spouse was born before January 2, 1953, Blind.}Total boxeschecked ? 39a b If your spouse itemizes on a separate return or youwere a dual-status alien, check here ? 39b
Standard Deduction for— • People who check any box on line 39a or39b or who can be claimed as a dependent, see instructions. • Allothers: Single or Married filing separately, $6,350 Married filingjointly or Qualifying widow(er), $12,700 Head of household,$9,350
40 Itemized deductions (from Schedule A) or your standard deduction(see left margin) . . 40 41 Subtract line 40 from line 38 . . . . .. . . . . . . . . . . . . . 41 42 Exemptions. If line 38 is$156,900 or less, multiply $4,050 by the number on line 6d.Otherwise, see instructions 42 43 Taxable income. Subtract line 42from line 41. If line 42 is more than line 41, enter -0- . . 43 44Tax (see instructions). Check if any from: a Form(s) 8814 b Form4972 c 44 45 Alternative minimum tax (see instructions). AttachForm 6251 . . . . . . . . . 45 46 Excess advance premium tax creditrepayment. Attach Form 8962 . . . . . . . . 46 47 Add lines 44, 45,and 46 . . . . . . . . . . . . . . . . . . . ? 47 48 Foreign taxcredit. Attach Form 1116 if required . . . . 48 49 Credit for childand dependent care expenses. Attach Form 2441 49 50 Educationcredits from Form 8863, line 19 . . . . . 50 51 Retirement savingscontributions credit. Attach Form 8880 51 52 Child tax credit.Attach Schedule 8812, if required. . . 52 53 Residential energycredits. Attach Form 5695 . . . . 53 54 Other credits from Form: a3800 b 8801 c 54 55 Add lines 48 through 54. These are your totalcredits . . . . . . . . . . . . 55 56 Subtract line 55 from line47. If line 55 is more than line 47, enter -0- . . . . . . ?56
Other Taxes
57 Self-employment tax. Attach Schedule SE . . . . . . . . . . . .. . . 57 58 Unreported social security and Medicare tax from Form:a 4137 b 8919 . . 58 59 Additional tax on IRAs, other qualifiedretirement plans, etc. Attach Form 5329 if required . . 59 60 aHousehold employment taxes from Schedule H . . . . . . . . . . . .. . 60a b First-time homebuyer credit repayment. Attach Form 5405if required . . . . . . . . 60b 61 Health care: individualresponsibility (see instructions) Full-year coverage . . . . . 6162 Taxes from: a Form 8959 b Form 8960 c Instructions; entercode(s) 62 63 Add lines 56 through 62. This is your total tax . . .. . . . . . . . . .   ? 63 Payments 64 Federal income taxwithheld from Forms W-2 and 1099 . . 64 65 2017 estimated taxpayments and amount applied from 2016 return 65 If you have aqualifying child, attach Schedule EIC. 66a Earned income credit(EIC) . . . . . . . . . . 66a b Nontaxable combat pay election 66b67 Additional child tax credit. Attach Schedule 8812 . . . . . 6768 American opportunity credit from Form 8863, line 8 . . . 68 69Net premium tax credit. Attach Form 8962 . . . . . . 69 70 Amountpaid with request for extension to file . . . . . 70 71 Excesssocial security and tier 1 RRTA tax withheld . . . . 71 72 Creditfor federal tax on fuels. Attach Form 4136 . . . . 72 73 Creditsfrom Form: a 2439 b Reserved c 8885 d 73 74 Add lines 64, 65, 66a,and 67 through 73. These are your total payments . . . ..   ? 74 Refund
Direct deposit? See instructions.
75 If line 74 is more than line 63, subtract line 63 from line 74.This is the amount you overpaid 75 76a Amount of line 75 you wantrefunded to you. If Form 8888 is attached, check here . ? 76a?
?
b Routing number ? c Type: Checking Savings d Account number 77Amount of line 75 you want applied to your 2018 estimated tax ?77
Amount You Owe
78 Amount you owe. Subtract line 74 from line 63. For details onhow to pay, see instructions    ? 78 79 Estimatedtax penalty (see instructions) . . . . . . . 79
Third Party Designee
Do you want to allow another person to discuss this return with theIRS (see instructions)? Yes. Complete below. No Designee’s name ?Phone no. ? Personal identification number(PIN)             ?
Sign Here Joint return? See instructions. Keep a copy for yourrecords.
Under penalties of perjury, I declare that I have examined thisreturn and accompanying schedules and statements, and to the bestof my knowledge and belief, they are true, correct, and accuratelylist all amounts and sources of income I received during the taxyear. Declaration of preparer (other than taxpayer) is based on allinformation of which preparer has any knowledge. Your signatureDate Your occupation Daytime phone number
Spouse’s signature. If a joint return, both must sign. Date ?
Spouse’s occupation If the IRS sent you an Identity Protection PIN,enter it here (see inst.)
Paid Preparer Use Only
Print/Type preparer’s name Preparer’s signature Date
Check         ifself-employed
PTIN
Firm’s name     ? Firm’s address ?
Firm’s EIN ? Phone no. Go to www.irs.gov/Form1040 for instructionsand the latest information. Form 1040 (2017)

course :federal tax procedure