Answered>Order 1137

D. (6 points) Based on the results from above, compute the total gross income of the Nelson family.

E. (10 points) Review the items identified in 5-9 above and compute the amount deductible for each.

F. (6 points) Compute the Adjusted Gross Income of the Nelsons.

G. (10 points) Compute the taxable income for the Nelsons. Segregate the taxable income into the appropriate character of income.

H. (8 points) Based on the information provided determine if the Nelsons qualify for any tax credits.

I. (8 points) Compute the total tax liability for 2018 as well as the amount of tax due (receivable).

 
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