Daniel B. Butler and Freida C. Butler, husband and wife, file a joint return. The Butlers live at 625 Oak Street in Corbin, KY 40701. Dan was born on January 15, 1964, and Freida was born on August 20, 1965. During 2014, Dan and Freida furnished over half of the total support of each of the following individuals, all of whom still live at home: a. Gina, their daughter, age 22, a full-time student, who married on December 21, 2014, has no income of her own and for 2014 did not file a joint return with her husband, Casey, who earned $10,600 during 2014. b. Sam, their son, age 20, who had gross income of $6,300 in 2014, dropped out of college in October 2014. He had graduated from high school in May 2014. c. Ben, their oldest son, age 26, is a full-time graduate student with gross income of $5,200. Dan was employed as a manager by WJJJ, Inc. and Freida was employed as a salesperson for Corbin Realty, Inc. Selected information from the W2 Forms provided by the employers is presented below. Dan and Freida use the cash method.

Line	Description	Dan	Frieda
1	Wages, tips, other compensation	$74,000	$86,000
2	Federal income tax withheld	11,000	12,400
17	State income tax withheld	2,960	3,440

Freida sold a house on December 30, 2014, and will be paid a commission of $3,100 (not included in the $86,000 reported on the W2) on the January 10, 2015 closing date.Other income for 2014 consisted of the following:

Dividends on CSX stock (qualified)	$4,200
Interest on savings at Second Bank	1,600
Interest on City of Corbin bonds	900
Interest on First Bank CD	382

The $382 from First Bank was original issue discount. Dan and Freida collected $16,000 on the First Bank CD that matured on September 30, 2014. The CD was purchased on October 1, 2012, for $14,995, and the yield to maturity was 3.3%. Dan received a Schedule K1 from the Falcon Partnership, which showed his distributive share of income as $7,000. In addition to the above information, Dan and Freidas itemized deductions included the following:

Paid on 2014 Kentucky income tax	$700
Personal property tax paid	600
Real estate taxes paid	1,800
Interest on home mortgage (Corbin S&L)	4,900
Cash contributions to the Boy Scouts	800

Sales tax from the sales tax table is $1,860. Dan and Freida made Federal estimated tax payments of $8,000. All members of the family had health insurance coverage for all of 2014. Dan and Freida do not wish to contribute to the Presidential Election Campaign. The Kentucky income tax rate is 4%. Part 1Tax Computation Compute Dan and Freidas 2014 Federal income tax payable (or refund due). Part 2Tax Planning Dan plans to reduce his work schedule and work only half-time for WJJJ in 2015. He has been writing songs for several years and wants to devote more time to developing a career as a songwriter. Because of the uncertainty in the music business, however, he would like you to make all computations assuming that he will have no income from songwriting in 2015. To make up for the loss of income, Freida plans to increase the amount of time she spends selling real estate. She estimates that she will be able to earn $90,000 in 2015. Assume that all other income and expense items will be approximately the same as they were in 2014. Assume that Sam will be enrolled in college as a full-time student for the summer and fall semesters. Will the Butlers have more or less disposable income (after Federal income tax) in 2015?