Alfred E$.$ Old and Beulah A$.$ Crane, each age $42,$ married on September $7,2020.$ Alfred and Beulah will file a joint return for $2022.$ Alfred's Social Security number is $111-11-1109.$ Beulah's Social Security number is $123-45-6780,$ and she has chosen to use "Old" as her married name. They live at $211$ Brickstone Drive, Atlanta, GA $30304.$

Alfred was divorced from Sarah Old in March $2017.$ Under the divorce agreement, Alfred is to pay Sarah $$1,250$ per month for the next $10$ years or until Sarah's death, whichever occurs first. Alfred paid Sarah $$15,000$ in $2022.$ In addition, in January $2022,$ Alfred paid Sarah $$50,000,$ which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is $123-45-6788.$

Alfred's salary for $2022$ is $$150,000.$ He is an executive working for Cherry, Inc. $($Federal I.D$.$ No$.98-7654321).$ As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $$22,800$ for Federal income taxes and $$8,000$ for state income taxes. The proper amounts were withheld for FICA taxes.

Beulah recently graduated from law school and is employed by Legal Aid Society, Inc. $($Federal I.D$.$ No$.11-1111111),$ as a public defender. She received a salary of $$42,000$ in $2022.$ Her employer withheld $$6,300$ for Federal income taxes and $$2,400$ for state income taxes. The proper amounts were withheld for FICA taxes.

Alfred and Beulah received taxable interest income of $$500.$ Alfred and Beulah received a $$1,900$ refund on their $2021$ state income taxes; they claimed the standard deduction on their $2021$ Federal income tax return. Alfred and Beulah paid $$4,500$ interest and $$1,450$ property taxes on their personal residence in $2022.$ They paid sales taxes of $$1,400,$ for which they maintain the receipts. Alfred and Beulah have never owned or used any digital assets, and they do not want to contribute to the Presidential Election Campaign.

Required:

Compute the Olds' net tax payable $($or refund due$)$ for $2022.$ Use Form $1040$ and Schedule $1$ to complete this tax return.