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Business, 21.08.2020 05:01 lanman65

Marc and michelle are married and earned salaries this year of $69,200 and $13,950, respectively. in addition to their salaries, they received interest of $350 from municipal bonds and $1,150 from corporate bonds. marc and michelle also paid $3,150 of qualifying moving expenses, and marc paid alimony to a prior spouse in the amount of $2,150. 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 $7,300 of expenditures that qualify as itemized deductions and they had a total of $6,330 in federal income taxes withheld from their paychecks during the course of the year. (use the tax rate schedules. )

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Marc and michelle are married and earned salaries this year of $69,200 and $13,950, respectively. in...

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