34. Albert and Debra ODonnell are married and filed a joint return; they are still working and not retired. Albert made $42,300, and Debra made $35,600. They have three minor children. Albert contributed $2,000 to an IRA for himself and $2,000 to an IRA for Debra. Their itemized deductions are $18,450 for medical and dental expenses; $12,100 for real estate tax; $14,200 for home mortgage interest; $580 for personal property tax; and $9,800 for charitable contributions. Together they had $6,685 in income taxes withheld during the year. Compute the federal income tax refund/owed if they itemize their deductions using Form 1040. Alberts income Debras income Total income Minus adjustments to income (IRAs) Adjusted Gross Income Less itemized deductions (Schedule A) Medical expense Total medical expenses Adjusted gross income times 7.5% Total deductible medical expense Other deductions Real estate tax Home mortgage interest Personal property tax Charitable contributions Total other deductions Total all deductions Less exemptions (5 @ $3,500 each) Taxable income Federal income tax (married filing jointly) Federal income tax withheld Amount due/Refund due