Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2012. Alfred and Beulah will file a joint return for 2014. Alfreds Social Security number is111-11-1111. Beulahs Social Security number is 123-45-6789, and she adopted Oldas her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorced from Sarah Old in March 2012. Under the divorce agree-ment, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarahsdeath, whichever occurs first. Alfred pays Sarah $15,000 in 2014. In addition, in January 2014, Alfred pays Sarah $50,000, which is designated as being for her shareof the marital property. Also, Alfred is responsible for all prior years income taxes.Sarahs Social Security number is 123-45-6788. Alfreds salary for 2014 is $150,000, and his employer, Cherry, Inc. (Federal I.D.No. 98-7654321), provides him with group term life insurance equal to twice his an-nual salary. His employer withheld $24,900 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 receives a salary of $40,000 in 2014. Her employer withheld $7,500 for Federal income taxes and $2,400for state income taxes. The proper amounts were withheld for FICA taxes.Beulah has $2,500 in qualified dividends on Yellow Corporation stock she inher-ited. Alfred and Beulah receive a $1,900 refund on their 2013 state income taxes.They itemized deductions on their 2013 Federal income tax return (total of $15,000). Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personalresidence in 2014. Their charitable contributions total $2,400 (all to their church).They paid sales taxes of $1,400, for which they maintain the receipts. Both spouseshad health insurance for all months of 2014 and do not want to contribute to thePresidential Election Campaign.Compute the Olds net tax payable (or refund due) for 2014.