Question: Using the above information answer the following questions using the excel spreadsheet attached, be sure to show your work: A. [10 points) Compute the net

Using the above information answer the following
Using the above information answer the following questions using the excel spreadsheet attached, be sure to show your work: A. [10 points) Compute the net taxable income from Nelson Engineering. B. [10 points) Compute the net taxable income related to Jeannie's Abstracts. C. [20 points) Compute the gains/ (losses) related to the Nelson family's sale of assets and the appropriate classifications D. [10 points) Compute the itemized deductions of the Nelson family. E. [10 points) Review and compute the amount deductible as QB]. F. [10 points) Compute the Adjusted Gross Income of the Nelsons. G. [10 points) Compute the taxable income for the Nelsons. H. [10 points) Based on the information provided determine if the Nelsons qualify for any tax credits and if so, compute the credit[s]. l. [10 points) Compute the total tax liability for 2021 taking into account the character of the taxable income computed in part G above

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