"Show your work when applicable for partial credit". (22 points) Richard and Nora, who are both age 40 , are married and file jointly and have a son. Brian, and have lived in North Carolina their whole lives. Brian is 10 years old and lives with them. Richard's employer matches 50% of his contributions to 401(W plan up to 6% of his salary. The following is for tax year 2020: Interest Income from NC Muni. Bonds 4.000 a. (22 points) Assuming they file married filing jointly, what is Jason and Kristen's federal tax liability (note: using "Insert Table" tool to create table(s) may be easier to show your work but not necessary)? b. ( 2 points) Now, after considering child and other tax credits and any federal withholding. how much additional federal taxes will be due or what federal refund amount will they receive when they file their 2020 taxes? c. (4 points) List at least two tax planning strategies that would help Jason and Kristen save federal income taxes the next year in 2021