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Compute Justin's 2012 net tax payable or refund due. Justin Stone was an employee of DataCare Services,Inc. His salary $45,000 through Nov 10, 2012, when

Compute Justin's 2012 net tax payable or refund due. Justin Stone was an employee of DataCare Services,Inc. His salary $45,000 through Nov 10, 2012, when he was laid off. He received $7,000, in unemployment compensation until Dec 31, 2012. FICA withholdings: SS $1,890 and Medicare withholding $653. Justin Stone, lives atXXXXX Sandusky, ID 45623. His SS#XXX-XX-XXXX. Justin owned an apartment building until Nov 22, 2012, he sold it for $200,000. For 2012, he had rent revenue of $33,000. He incurred and paid expenses as follows:$4568 for repairs, $22,000 of mortgage interest, and $1,000 of miscellaneous expenses. He purchased the building on January 2, 2000, for $125,000. The building generated a profit each year. Other information as follows: 1) November 22, 2012, sold equipment for $3,500 that was used for repairing the apartments. The equipment was purchased $25,000 on July 10, 1999 and it was fully depreciated. 2) Justin has $3,000 unrecaptured 1231 losses from prior years. 3) Justin is single, divorced,and has custody of his nine year-old son, Flint. He provides more than 50% of Flint's support. Flint's SSNNNN-NN-NNNN 4)Justin had $1000 interest income from Blue Corporation bonds. 5)Justin had $1500 interest income from a State Bank CD. 6)Justin had a $2000 5%/15% long-term capital gain distribution from the Brown Stock investment fund. 7)Justin had the following itemized deductions: $5600 real estate taxes; $8900 mortgage interest on his home; $760 charitable contributions(all in cash, properly documented and no single contribution exceeded $25); $7300 state income tax withholding during 2012; $2000 state estimated income tax payments during 2012; $2600 sales taxes paid. 8)He had $12000 of Federal income tax withholding during 2012 and made total Federal income tax payments of $14000 during 2012.

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