Deductions from Adjusted Gross Income, Calculating Tax Liability (LO. 3,5) Hongtao is single and has a gross income of $85,000. His allowable deductions for adjusted gross income are $4,200, and his itemized deductions are $18,550. The standard deduction for 2020 is $12,400. Round all final amounts to the nearest dollar. Refer to the Tax Rate Schedules to answer the following questions. a. Hangtao's taxable income is $ 66,500 and his tax liability is $10,420 x for 2020. b. If Hongtao has $10,100 withheld from his salary during 2020 then Hongtao has a refund of $ 2,300 x Feedback c. Assume the same facts as in part a and part b, except that Hongtao is married. His wife's salary is $31,000, and she has $2,500 withheld from her paycheck. They file jointly. The standard deduction for 2020 is $24,800. Their taxable income is $91,200 x and their tax Hability is $ for 2020. They will receive a refund of Teach Previous Next Check My Work All work saved. Email Instructor Save and Exit Submit Assignment for Grading