Instructions Beth R. Jordan lives at 2322 Skyview Road, Mesa, AZ 85201. She is a tax accountantwith Mesa ManufacturingCompany, 1203 Western Avenue, Mesa, AZ 85201 (employeridentificationnumber 11-1111111).She also writes computersoftware programsfor tax practitioners and has a part-time tax practice. Beth is single and has no dependents. Beth's birthday is July 4, 1972, and her Social Security number is 123-45-6789.She wants to contribute$3 to the Presidential Election Campaign Fund. The following information is shown on Beth's Wage and Tax Statement (Form W-2) for 2016. Line Description Amount Wages, tips, other compensation $65,000.00 2 Federal income tax withheld 10,500.00 w Social Security wages 65,000.00 4 Social Security tax withheld 4,030.00 5 Medicare wages and tips 65,000.00 6 Medicaretax withheld 42.50 15 State Arizona 16 State wages, tips, etc. 65,000.00 17 State income tax withheld 1,954.00 During the year, Beth received interest of $1,300 from Arizona Federal Savings and Loan and $400 from Arizona State Bank. Each financial Institutionsreported the interest income on a Form 1099-INT. She received qualified dividends of $800 from Blue Corporation, $750 from Green Corporation, and $650 from Orange Corporation. Each corporation reported Beth's dividend payments on a Form 1099-DIV. Beth received a $1, 100 income tax refund from the state of Arizona on April 29, 2016. On her 2015 Federal income tax return, she reported total itemized deductions of $8,200, which included $2,200 of state income tax withheld by her employer. Fees earned from her part-time tax practice in 2016 totaled $3,800. She paid $600 to have the tax returns processed by a computerized tax return service. On February 8, 2016, Beth bought 500 shares of Gray Corporationcommon stock for $17.60 a share. On September 12, 2016, Beth sold the stock for $14 a share. Beth bought a used sport utility vehicle for $6,000 on June 5, 2016. She purchasedthe vehicle from her brother in-law, who was unemployedand was in need of cash. On November2, 2016, she sold the vehicle to a friend for $6,500. On January 2, 2016, Beth acquired 100 shares of Blue Corporationcommon stock for $30 a share. She sold the stock on December 19, 2016, for $55 a share. During the year, Beth records revenues of $16,000 from the sale of a software program she developed. Beth incurred the following expendituresin connectionwith her software developmentbusiness. Cost of personal computer $7,000 Cost of printer 2,000 Furniture 3,000 Supplies 650 Fee paid to computerconsultant 3,500 Beth elected to expense the maximum portion of the cost of the computer, printer, and furniture allowed under the provisions of $ 179. These items were placed in service on January 15, 2016, and used 100% in her business. Althoughher employersuggestedthat Beth attend a conventionon current developmentsin corporatetaxation, Beth was not reimbursed for the travel expensesof $1,420 she incurred in attending the convention. The $1,420 included $200 for the cost of meals. During the year, Beth paid $300 for prescriptionmedicinesand $2,875 for doctor interest to credit card cbills and hospital bills. Medical insurance premiums were paid for her by her employer. Beth paid real property taxes of $1,766 on her home. Interest on her home mortgage(Valley National Bank) was $3,845, and interest to credit card companieswas $320. Beth contributed$2,080 to various qualifying charities during the year. Professional dues and subscriptions totaled $350. Beth paid estimatedtaxes of $1,000. Required: Compute the net tax payable or refund due for Beth R. Jordan for 2016. You will need Forms 1040, 2106, and 4562 and SchedulesA, B, C, D, SE and the Qualified Dividends and Capital Gain Tax Worksheet