Sarah is single, age 62. She earned the following income this year: Salary $ 80.000 Qualified dividend income earned on stock she owns 900 Interest income earned on State of Michigan bonds she owns 300 Interest income earned on her savings account 50 Short-term capital gain reported on sale of stock she owned 1,000 Long-term capital gain reported on sale of corporate bonds she owned 4,000 Sarah has itemized deductions of $14,500. She had $6,500 in federal income tax withheld from her salary. Her son, Brian, died a few years ago and since then, Brian's daughter, Amanda, age 16, has been living full-time with Sarah. Sarah provides all of Amanda's support. Amanda earned $4,500 this year working in a part-time job, which she put in her savings account to pay for her future college tuition. Because she supports Amanda, Sarah can use Head of Household for her filing status. Required: (3.0 points) Calculate Sarah's 2020 (1) adjusted gross income; (2) taxable income; (3) income tax liability; (4) net tax liability; and (5) tax due (refund), 2020 adjusted gross income is 2020 taxable income is 2020 income tax liability is 2020 net tax liability is 2020 tax due (refund) is - Sarah is single, age 62. She earned the following income this year: Salary $ 80.000 Qualified dividend income earned on stock she owns 900 Interest income earned on State of Michigan bonds she owns 300 Interest income earned on her savings account 50 Short-term capital gain reported on sale of stock she owned 1,000 Long-term capital gain reported on sale of corporate bonds she owned 4,000 Sarah has itemized deductions of $14,500. She had $6,500 in federal income tax withheld from her salary. Her son, Brian, died a few years ago and since then, Brian's daughter, Amanda, age 16, has been living full-time with Sarah. Sarah provides all of Amanda's support. Amanda earned $4,500 this year working in a part-time job, which she put in her savings account to pay for her future college tuition. Because she supports Amanda, Sarah can use Head of Household for her filing status. Required: (3.0 points) Calculate Sarah's 2020 (1) adjusted gross income; (2) taxable income; (3) income tax liability; (4) net tax liability; and (5) tax due (refund), 2020 adjusted gross income is 2020 taxable income is 2020 income tax liability is 2020 net tax liability is 2020 tax due (refund) is