Sam and Sue are married, and their joint taxable income for 2020 was $53,585. A total of $1,732.00 was withheld from Sam's paychecks in 2020 for federal income taxes. A total of $5,201.25 was withheld from Sue's paychecks in 2020 for federal income taxes. Which of the following best describes their situation? Use the following tax rate chart: If Taxable income is: The Tax Is: Not over $19,750 10% of the taxable income Over $19,750 but not over $80,250 $1,975 plus 12% of the excess over $19,750 Over $80,250 but not over $171,050 $9,235 plus 22% of the excess over $80,250 Over $171,050 but not over $326,600 $29,211 plus 24% of the excess over $171,050 Over $326,600 but not over $414,700 $66,543 plus 32% of the excess over $326,600 Over $414,700 but not over $622,050 $94,735 plus 35% of the excess over $414,700 Over $622,050 $167,307.50 plus 37% of the excess over $622,050 O They will receive a refund of $603.52. O They owe $603.52 to the IRS. They will receive a refund of $898.05. O They owe $898.05 to the IRS