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Accounting

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mode : This shows whet is correct or incorrect for the work you have completed so fer. It does not indicete Return t Required information The following information applies to the questions displayed below) Marc and Michelle are married and earned salaries this year of $64,000 and $12.000, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $500 from corporate bonds. Marc and Michelle also paid $2.500 of qualifying moving expenses and Marc paid alimony to a prior spouse in the amount of $1,500. Marc and Michelle have a 10 year-old son. Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle e allowed to claim a $1,000 child tax credit for Matthew. Marc and Michelle paid $6.000 of expenditures that qualify as itemized deductions and they had a total of $5,500 in federal income taxes withheld from their paychecks during the course of the year. (use the tax rate schedules. ) a. What is Marc and Michelle's gross Income? Prev 1 of 411 Next >. arch

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