Ashley Panda lives at 1310 Meadow Lane, Wayne, OH 43466, and her Social Security number is 123-45-6789. Ashley is single and has a 20-year-old son, Bill. His Social Security number is 111-11-1111. Bill lives with Ashley, and she fully supports him. Bill spent 2015 traveling in Europe and was not a college student. He had gross income of $4,655 in 2015. Ashley owns the Panda Enterprises, LLC sole proprietorship, a data processing service (98-7654321), which is located at 456 Hill Street, Wayne, OH 43466. The business activity code is 514210. Her 2015 Form 1040, Schedule C for Panda Enterprises shows revenues of $315,000, office expenses of $66,759, employee salary of $63,000, employee payroll taxes of $4,820, meals and entertainment expenses (before the 50% reduction) of $22,000, and rent expense of $34,000. The rent expense includes payments related torenting an office ($30,000) and payments related to renting various equipment ($4,000). There is no depreciation because all depreciable equipment owned has beenfully depreciated in previous years. No fringe benefits are provided to the employee. Ashley personally purchases health insurance on herself and Bill. The premiums are$23,000 per year. Ashley has an extensive stock portfolio and has prepared the following analysis:

Stock	# of shares	Date purchased	Date sold	Per Share Cost	Per Share Selling Price	Total Dividends
Beige	10	10/18/13	10/11/15	80	74	30
Garland	30	10/11/07	10/11/15	43	157	70
Puce	15	3/10/15	8/11/15	62	33	45

.Ashley had $800 of interest income from State of Ohio bonds and $600 of interest income on her Wayne Savings Bank account. She paid $25,000 of alimony to her formerhusband. His Social Security number is 123-45-6788. Ashley itemizes her deductions and had the following items, which may be relevant to her return:

Item	Amount	Comment
Unreimbursed medical expenses for Ashley (all for vists to doctors)	1786	Does not include health insurance premiums
State income taxes paid	1830
Real property taxes on personal residence	3230
interest paid on home mortgage (Form 1098)	8137	The loan is secured by the residence and was incurred when the home was purchased.
Charitable contribution	940	Cash paid to Ashely's church
Sales taxes	619	Amount oer sales tax table

Ashley made a $30,000 estimated Federal income tax payment, does not want any of her taxes to finance presidential elections, has no foreign bank accounts or trusts, and wants any refund to be applied against her 2015 taxes.Compute Ashley's net tax payable or refund due for 2015. If you use tax forms for your computations, you will need Form 1040 and its Schedules A and C

Notes:

Form 1040: Taxpayer's occupations: Self-employed

Schedule C: Business code is 514210. Note her business address is different from her home address.

Form 8949: Two of the stock sales are coded transactions as "A" and one is coded "D"

Check figures:

Form 1040 Adjusted Gross Income: $82,023

Form 1040 Refund: $329

Schedule A Total Deductions: $14,137

Schedule C Net Profit: $135,421