Mr. and Mrs. Palio celebrated the birth of their third child on November 18. Required: a. Compute the effect of this event on their tax liability, assuming that their AGI was $103,200, and their taxable income before considering the new dependent was $79,000. b. Compute the effect of this event on their tax liability, assuming that their AGI was $433,000, and their taxable income before considering the new dependent was $366,000. c. Compute the effect of this event on their tax liability, assuming that their AGI was $851,000, and their taxable income before considering the new dependent was $735,000. Assume the taxable year is 2020. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the effect of this event on their tax liability, assuming that their AGI was $433,000, and their taxable income before considering the new dependent was $366,000. (Leave no cell blank; if there is no effect, select "No effect" from dropdown and enter "0".) Effect on tax liability reduces by $ 1,400 X