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Required information The following information applies to the questions displayed below.) Marc and Michelle are married and e
b. What is Marc and Michelles adjusted gross income? points Answer is complete and correct. Adjusted gross $ 80,500 income c
e. What is Marc and Michelles taxes payable or refund due for the year? Answer is complete but not entirely correct. Refund


2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: 5 0 9 ,700 107 of
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Answer #1

Total deduction from AGI is standard deduction for married filling jointly which is $24400.

Taxable income = $80500-$24400=$56100

Refund due= $2321

Tax liability- $6344

Less child tax credit - ($2000)

Less with held tax - ($6665)

Refund - $2321

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