please solv problems 19 -24 and problem 25

5-30 CHFederal Tot-comprehensive Tople income 120 25. Private personcepts Social Security Interest on hank deposits Dividends to domestic corporation tortomoure Compute their taxable income. Employees are now PROBLEMS 22. David and Renee Kimberly ages 75 and respectively have the following out 19. In January 2021, Leon McLeod received a pits of a beach cvetage valued at $250.000 from his great-uncle who owned a number of soch building. The cottage was rented each year to college students who occupied ir during the school year. The annual net rental income received $20.000 per year. The -2021 tax return of Mcleod would include what clements of this transaction! Their itemized deductions total $11.900, 20. The Hightown Council refused to increase the town budget. Robert Read was laid off from work on August 4, 2021. Earlier in the 23. Hi Tech Accounting Services changed insig year he had been temporarily disabled from a bencht paciage as of the first of this year job-related injury and had received disability digible to receive group benefits. At year-end Robert Read and his Le life insurance equal to twice their wife have the following sources of income salary up to $100,000. Harry's salary is 5900 Disability Income $2.500 per year Prior to this year employees TV Unemployment compensation 5.000 group term life insurance up to $50,000. Harry is 52 years of age and has adjusted go Salary income of $78,000. Does Harry suitcr any January 1-August 4, 2021 10.000 consequences because of this change in police Wiley 9000 Supplemental unemployment 24. Charles Adams, who is single, retired on compensation March 3, 2021, at the age of 65. For the ye comployer provided 2.000 2021, he receives the following income What amount of Read's family income was includible in gross income? Salary Interest income 2008 21. In 2021. Windsor Knott, an employee of the Dividend income 100 Victoria The Company, was seriously injured in the factory stockroom. He was hospitalized Tax-exempt income 10 for 30 days and lost partial use of his left Social Security benefits hand. During his hospitalization and recovery Net rental income 5.00 period, he received the following: Workers' compensation What is Charles modified AGI? What amot 5 9.000 Medical expenses reimbursement if any, of his Social Security benefits mus 10,000 Disability Insurance benefits (insurance Charles include in his 2021 gross income pold by taxpayer) What is Charles taxable income for 2021 Accident and health insurance benefits (company policy benefits based on the 9,500 degree of permanent injury) 500 4,000 Determine Knott's tax liability with regard to these payments. If the medical expenses had been deducted from Knott's 2021 tax return and reimbursement was received in 2022, how would the reimbursement be reflected in the 2022 return? Gross Income-Exclusions 25. Felix Boots, a 35-year-old male, is vice president of the Kitty-Lit Pet Products Company and earns $50,000 per year. The company provides paid group-term life insurance of twice the officers salaries for all officers of the company. The cost of the policy to the company for Mr. Boots is $650 per year. How much of the $650 must Felix include in his gross income? If Kitty-Lit changed its policy so as to enable all employees to be covered at twice their annual salary, what would Felix have to include in his gross income