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Marc and Michelle are married and earned salaries this year of$68,000 and $13,500, respectively. In addition to their salaries,they received interest of $350 from municipal bonds and $1,000 fromcorporate bonds. Marc contributed $3,000 to an individualretirement account, and Marc paid alimony to a prior spouse in theamount of $2,000. Marc and Michelle have a 10-year-old son,Matthew, who lived with them throughout the entire year. Thus, Marcand Michelle are allowed to claim a $2,000 child tax credit forMatthew. Marc and Michelle paid $7,000 of expenditures that qualifyas itemized deductions and they had a total of $6,100 in federalincome taxes withheld from their paychecks during the course of theyear. (Use the 2018 tax rate schedules.)A) What is Marc and Michelle's gross income? $82,500B) What is Marc and Michelle's adjusted gross income? $5,000C) What is the total amount of Marc and Michelle's deductionsfrom AGI?D) What is Marc and Michelle's taxable income?E) What is Marc and Michelle's taxes payable or refund due forthe year?Please answer C-E, and use tax information from 2018.