Ted Higgins is a single taxpayer with an AGI of $150,000, Taxable income of $90,000 and calculated tax liability of $40,000. During 2020 he worked as an electrician and had $15,000 withheld from his wages for federal income tax and $2,000 for his portion of social security and Medicare taxes. He also made estimated tax payments of $10,000 during the year. He also has a 19 year old Daughter, Sophia, who meets all of the requirements of a qualifying child for dependent purposes. Sophia is a full time student in her junior year at UCR. Ted spends 56,000 on tuition, books and other course materials for Sophia during 2020. Required: What is Ted's net amount duel (refunded) for 2020