The following table shows all the incomes (before taxes and subsidies), taxes andsubsidies that a family of 4 members had during 2020.Year 2020Household members Age Income ($) Taxes ($) Subsidies ($)150000 1000052504543350002503161000Question 25Given the information of the table, calculate the Adjusted Total Income for this familyaccording to the CIS definition. The result should be an integer number in $ (round tothe nearest integer number if necessary). E.g. if the result is 353.3, write 353.Your Answer:AnswerQuestion 26,Given the information of the table, calculate the Adjusted After Tax Income for thisfamily according to the CIS definition. The result should be an integer number in $(round to the nearest integer number if necessary). E.g. if the result is 353.3, write353.Your Answer:Answer Question 27Given the information of the table, calculate the Adjusted Market Income for thisfamily according to the CIS definition. The result should be an integer number in $(round to the nearest integer number if necessary). E.g. if the result is 353.3, write353.Your Answer:Answer

It is the income of a taxpayer on which the revenue authorities will impose tax. The taxable is the…

Answered: The following table shows all the…

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter4: Income Exclusions

Section: Chapter Questions

Problem 84IP: Calculate Carmins adjusted gross income on her 2019 tax return. Then do one or both of the...

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The following table shows all the incomes (before taxes and subsidies), taxes and subsidies that a family of 4 members had during 2020. Year 2020 Household members Age Income ($) Taxes ($) Subsidies ($) 45 50000 10000 0 35000 5250 250 0 0 0 1000 1 2 3 4 43 16 5