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26- Explain the tax cost as cash inflows and tax costs as cash outflow with examples. 27- Mr Kale has gross income of $78000 per

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26- Explain the tax cost as cash inflows and tax costs as cash outflow with examples. 27- Mr Kale has gross income of $78000 per annum and Ms. Lane has gross income of $ 67300 per annum. You are required to calculate total taxable income after providing Standard Deduction and Annual Personal Exemptions Calculate tax liability a. If Mr. Kale and Ms. Lane are unmarried b. If Mr. Kale and Ms. Lane are married on 30 September 2020

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