Joint return for 2020. Jeffery's Social Security number is 111-11-1109. Bea's Social Security number is Jeffery Bold and Bea Bold, each age 32, married on September 7, 2017. Jeffery and Bea will be 123-45-6780, and she adopted "Bold" as her married name. They live at 211 Brickstone Drive. Atlanta, GA 30304 Jeffery was divorced from Sarah Bold in March 2016. Jeffery and Sarah have an 11-year-old girl named Elizabeth, Elizabeth's Social Security number is 123-34-1234. As part of the divorce decree, Jeffery was given custody of Elizabeth. Under the divorce agreement, Jeffery is to pay Sarah $1,200 per month for the next 10 years or until Sarah's death, whichever occurs first. Jeffery pays Sarah $14,400 in 2020. In addition, in January 2020, Jeffery pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Jeffery is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Jeffery's salary for 2020 is $160,000. He is an executive working for Cherry, Inc. (Federal 1.D. NO. 98- 7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $25,900 for Federal income taxes and $7,000 for state income taxes. The proper amounts were withheld for FICA taxes. Bea recently graduated from law school and is employed by Legal Ald Society, Inc. (Federal 1.D. No. 11-1111111), as a public defender. She receives a salary of $32,000 in 2020. Her employer withheld $6,500 for Federal income taxes and $3,400 for state income taxes. The proper amounts were withheld for FICA taxes. Jeffery and Bea had interest income of $1600. Jeffery and Bea receive a $1,900 refund on their 2019 state income taxes. They claimed the standard deduction on their 2019 Federal income tax return. Jeffery and Bea pay $5,500 interest and $1,250 property taxes on their personal residence in 2020. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Both spouses had health insurance for all of 2020 and they do not want to contribute to the Presidential Election Campaign. Required: Compute the Bold' net tax payable (or refund due) for 2020