Calculate the taxable due/ (Refund) for Daniella and Dermot Davis based on the following information for 2018 Salary $300,000 Sole proprietorship income $200,000 Student Loan Interest $1,000 Child support received $20,000 US Treasury bill interest $40,000 Dermot found a diamond bracelet on the beach the fair market value of the bracelet was $20,000. Dividends received $60,000 IRA contribution $3,000 Capital gain $90,000 State and local taxes paid $10,000. Real estate taxes paid $15,000 Mortgage interest paid $20,000. Mortgage signed in 2010. The Mortgage is for $1,300.000 Medical expenses $12,000. Contribution to Qualifies Individual Retirement Account. Daniella gave $5,000 to the Jones family who lost their home. The Davis' have two children Darla age 5 and Della age. They paid $15,000 to Sunshine Day School to take care of the children while both parents worked The lower earning spouse earned $90,000. Withholding $70,000 Quarterly Payments $40,000