Jack and Jane are married and file a joint return for 2020. They have wage income of $150,000; net long-term capital gains of $20,000; net short-term capital gains of $5,000; corporate bond interest of $3,000; share of S corporation income of $8,000; cash distributions from the S corporation of $3,000; ordinary cash dividends of $6,000; qualifying cash dividends of $5,000; inheritance received from deceased aunts estate of $18,000; deductions for AGI (Adjusted Gross Income) of $11,000; itemized deductions of $26,000; tax credits of $2,000; and estimated tax payments and withholding of $22,000. Their applicable standard deduction is $24,800. Using the appropriate tax schedule, compute their tax due or refund. [Note you must show and label all calculations, including the AGI, Taxable Income, and Tax Liability amounts.]