Ted Higgins is a single taxpayer with an AGI of $100,000, Taxable income of $80,000 and calculated tax liability of $20,000. During 2020 he worked as an electrician and had $5,000 withheld from his wages. He also made estimated tax payments of $5,000 during the year. He also has a 19 year old Daughter, Sophia, who meets all of the requirements of a qualifying child. Sophia is a full time student in her junior year at UCR Ted spends $4,000 on tuition, books and other course materials for Sophia during 2020. Required: What is Ted's net amount due/(refunded) for 2020? Ted Higgins is a single taxpayer with an AGI of $100,000, Taxable income of $80,000 and calculated tax liability of $20,000. During 2020 he worked as an electrician and had $5,000 withheld from his wages. He also made estimated tax payments of $5,000 during the year. He also has a 19 year old Daughter, Sophia, who meets all of the requirements of a qualifying child. Sophia is a full time student in her junior year at UCR Ted spends $4,000 on tuition, books and other course materials for Sophia during 2020. Required: What is Ted's net amount due/(refunded) for 2020