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8. Bill and Sandy Lane file a joint tax return. They have one qualifying child, resulting in nonrefundable credits of S3,000. Calculate what is due

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8. Bill and Sandy Lane file a joint tax return. They have one qualifying child, resulting in nonrefundable credits of S3,000. Calculate what is due to (from) the government. The couple has the following information related to 2021: Salary income Loss on sale of stock held for > Iyear Deductions for AGI Itemized deductions Income tax withholding Nonrefundable credits $120,000 10,000 5,000 28,000 12,000 3,000

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