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Marc and Mitchelle

  • 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.

  • Complete Marc and Mitchelle's Form 1040, pages 1 and 2, and Schedule 1

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