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Business, 10.09.2019 23:30 gyexisromero10

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 are 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 2016 tax rate schedules. )
what is the total amount of marc and michelle’s deductions from agi?
what is marc and michelle’s taxable income?
what is marc and michelle’s taxable income?

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Marc and michelle are married and earned salaries this year of $64,000 and $12,000, respectively. in...

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