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The Havershams file married joint. They have a four year old child :Harleen. They paid Kiddie Playschool $15,000 to watch Har while they worked. I

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The Havershams file married joint. They have a four year old child :Harleen. They paid Kiddie Playschool $15,000 to watch Har while they worked. I Earned Income: Horace $70,000 Hortense $80,000. Tax Payments: Withholdings $10,000 Quarterly Payments $5,000 Overpayment from 2020 $2,000 For the Child and Dependent care Credit use 20%. a. Salary 150,000 b. T bill interest 10,000 c. Long term capital gains $20,000 d. Qualified Sole Proprietorship net income $20,000 e. Contribution to Health savings account $2,000 f. Penalty for early withdrawal from a timed savings account $1,000 1 g. Alimony paid $10,000. The divorce was finalized in 2010. h. Medical expenses $20,000 i. State taxes paid $15,000 j. Mortgage interest $20,000. The $500,000 mortgage was signed in 2020. k. Charitable Contribution to the Bailey family. Next door neighbors who lost their home in a fire $10,000

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