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Please complete all 6 steps if possible, Calculate the cost of U.S. Universal Basic Income at the 2021 poverty line standard. .Step 1: Find Table

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Please complete all 6 steps if possible,

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Calculate the cost of U.S. Universal Basic Income at the 2021 poverty line standard. .Step 1: Find "Table HH-4. Households by Size" data from the UC Census Bureau site (Note: Numbers are in thousands): https://www.census.gov/data/tables/time-series/demo/families/households.html .Step 2: Find the 2021 poverty line standard by household size from the Department of Health and Human Services site: https://aspe.hhs.gov/2021-poverty-guidelines .Step3: compute the total dollar amount to implement UBI in 2021 (hint: multiple "2021's number of hh with size x" and "the dollar amount $x such sized hh would receive under UBI", then sum over the dollar amounts for all hh sizes. Let's assume hh with "7 or more members" has just 7 members. This assumption will lead to a more conservative estimation of UBI expenses) .Step 4: find the total number of federal income taxpayers from the IRS site for the latest updated year (2019): https://www.irs.gov/statistics/soi-tax-stats-individual-income-tax-rates-and-tax-shares Step 5: calculate the average UBI burden by dividing the total expense (from Step 3) by the total number of taxpayers (from Step 4). Step 6: If someone suggests using the above calculated UBI burden (from Step 5) to make policy recommendations, what might be the limitations of that

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