63) During all of 2020, Mr. and Mrs. Clay lived with their four children (all are under the age of 17). They provided over one-half of the support for each child. Mr. and Mrs. Clay file jointly for 2020. Neither is blind, and both are under age 65. They reported the following tax-related information for the year. (Use the tax rate schedules, 2020 Salary income Prize from local radio station Medical expenses (no health insurance) Real estate taxes Alimony paid by Mr. Clay (divorced in 2015) Stat income taxes withheld in 2020 State income taxes paid with 2020 tax return (return was filed in April 2021) Federal income tax withholding Qualified home mortgage interest (acquisition debt of $300,000) Charitable contributions $ 125,000 1,500 4,000 4,200 12,000 1,800 1,500 7,500 15,000 9,000 What are the Clays' taxes payable or refund due? (Ignore the alternative minimum tax.) 63) During all of 2020, Mr. and Mrs. Clay lived with their four children (all are under the age of 17). They provided over one-half of the support for each child. Mr. and Mrs. Clay file jointly for 2020. Neither is blind, and both are under age 65. They reported the following tax-related information for the year. (Use the tax rate schedules, 2020 Salary income Prize from local radio station Medical expenses (no health insurance) Real estate taxes Alimony paid by Mr. Clay (divorced in 2015) Stat income taxes withheld in 2020 State income taxes paid with 2020 tax return (return was filed in April 2021) Federal income tax withholding Qualified home mortgage interest (acquisition debt of $300,000) Charitable contributions $ 125,000 1,500 4,000 4,200 12,000 1,800 1,500 7,500 15,000 9,000 What are the Clays' taxes payable or refund due? (Ignore the alternative minimum tax.)