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 111-11-1112. Bill lives with Ashley, and she fully supports him. Bill spent 2016 traveling in Europe and was not a college student. He had gross income of $4,655 in 2016. Bill paid $4,000 of lodging expenses that Ashley reimbursed after they were fully documented. Ashley paid the $4,000 to Bill using a check from her sole proprietorship. That amount is not included in the items listed below.

Ashley owns 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 2016 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 to renting an office ($30,000) and payments related to renting various equipment ($4,000). There is no depreciation because all depreciable equipment owned has been fully 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 Purch Date Sold Per-Share Cost Per-Share Price Total Div

Beige 10 10/18/15 10/11/16 $80 $74 $30

Garland 30 10/11/09 10/11/16 43 157 70

Puce 15 3/10/16 8/11/16 62 33 45

NOTE: Ashley received a Form 1099B from her stockbroker that included the adjusted basis and sales proceeds for each of her stock transactions. The per-share cost includes commissions, and the per share selling price is net of commissions. Also, the dividends are the actual dividends received in 2016, and these are both ordinary dividends and qualified dividends.

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 former husband. 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 visits to doctors) $1,786 Does not include health

insurance premiums.

State income taxes paid 1,830

Real property taxes on personal residence 3,230

Interest paid on home mortgage (Form 1098) 8,137 The loan is secured by the

residence and was incurred

when the home was

purchased.

Charitable contributions 1,399 $940 cash payments to

Ashleys church and $459

cash payments made to

homeless persons for whom

she felt sorry. She can

document all the

expenditures.

Sales taxes 619 Amount per 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 2017 taxes. Compute Ashleys net tax payable or refund due for 2016.