Marc and Mikkel are married and file a joint tax return. Marc and Mikkel earned...
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Marc and Mikkel are married and file a joint tax return. Marc and Mikkel earned salaries this year or $ respectively. In addition to their salaries, they received interest of $ from municipal bonds and $ from corporate bonds. Marc contributed $ to a traditional individual retirement account, and Marc paid alimony to a prior spouse in the amount of $under a divorce decree effective June Marc and Mikkel have a yearold adopted son, Mason, who lived with them throughout the entire year. Thus, Marc and Mikkel are allowed to claim a $ child tax credit for Mason. Marc and Mikkel paid $ of expenditures that qualify as itemized deductions, and they had a total of $ in federal income taxes withheld from their paychecks during the year. Use the tax rate schedules.
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