1. Prepare a tax worksheet given the following information: Tax Year 2020 Erik (age 51) and Shannon (age 48) are married and have two children - Tanya (age 19), and Dylan (age 15). All children reside at home, and Tanya is a full-time college student All children are supported by their parents. Erik has a salary of $110,000; Christine has a salary of $125,000. Erik's employer provides a high-deductible health insurance plan at a cost of $20,000 per year. They received $8,000 in stock dividends and $5,000 in interest earned from bank certificate of deposits (CDs). During the 2020 tax year, they sold stock that had originally been purchased in 2013 at a price of $30,000 for $75,000. They also sold stock that had originally been purchased in 2016 at a price of $80,000 for $25,000. Due to an accident at work, Erik received a $20,000 payment from his employer's worker's compensation insurance carrier to cover lost wages and medical expenses. They contributed $6,000 toward an HSA account to help cover out of pocket medical expenses. The couple paid $3,800 in interest on student loans taken while each was completing an MBA program during 2017 Home mortgage interest was $16,000. Real estate property taxes were $5,000. The couple donated $8,000 to the Keweenaw Community Foundation and also gave a neighbor, who was enduring a financial hardship, $5,000. They do not expect to be paid back by the neighbor. Erik and Shannon have remitted $18,000/$22,000 respectively for federal income tax withholding and $4,000/85,500 respectively for Michigan state income tax withholding. Your worksheet should be completed through the tax due/refund, and also include a calculation of the marginal, average, and effective tax rates. Any items that are non- deductible, carried over, or otherwise not having any tax utility during the 2020 tax year should also be clearly set forth in order for the client to understand your work