Rich and Cathy Ovechkin are married and have 2 young children, ages 5 & 10 Income items are as follows: Salary - $105,600, Savings account - Bank interest - $3,325, and Stock transactions are XYZ stock for a short-term gain of $16,000 and Fanta Inc stock for a long-term loss of $25,000. Traditional IRA contribution for Rich was made - $6,000 Their itemized deductions were mortgage interest of $18,750, real estate taxes of $8,770, and donations of $3,200. Also, the W-2s showed $13,775 being withheld for federal income tax. What is the AGI for the clients What is the taxable income for the clients Calculate the amount of tax liability C. d. What is the amount of net tax due/refund a. b.