billy is married and files a joint return for 2019. has 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 $5,000; share of S corporation income of $5,000; cash distributions from the S corporation of $2,000; ordinary cash dividends of $2,000; qualifying cash dividends of $10,000; inheritance received from deceased aunts estate of $10,000; deductions for AGI (Adjusted Gross Income) of $9,000; itemized deductions of $20,000; tax credits of $1,000; and estimated tax payments and withholding of $20,000. Their applicable standard deduction is $20,400. Using the appropriate tax schedule, compute their tax due or refund.