John and Sandy Ferguson got married eight years ago and have a seven-year old daughter Samantha. In 2016, John worked as a computer technician at a local university earning a salary of $52,000, and Sandy worked part-time as a receptionist for a law firm earning a salary of $29,000. John also does some Web design work on the side and reported revenues of $4,000 and associated expenses of $750. The Fergusons received $800 in qualified dividends and a $200 refund of their state income taxes. The Fergusons always itemize their deductions and their itemized deductions were well over the standard deduction amount last year.The Fergusons had qualifying insurance for purposes of the Affordable Care Act (ACA).

Use Tax Rate Schedule for reference below.

The Fergusons reported making the following payments during the year:

State income taxes of $4,400. Federal tax withholding of $4,000.

Alimony payments to Johns former wife of $10,000.

Child support payments for Johns child with his former wife of $4,100.

$3,200 of real property taxes.

Sandy was reimbursed $600 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer.

In addition to the $750 of Web design expenses, John attended a conference to improve his skills associated with his Web design work. His trip was for three days and he incurred the following expenses: airfare $370, total taxi fares for trip $180, meals $80, and conference fee of $200.

$3,600 to Kid Care day care center for Samanthas care while John and Sandy worked.

$14,000 interest on their home mortgage.

$3,000 interest on a $40,000 home-equity loan. They used the loan to pay for family vacation and new car.

$6,000 cash charitable contributions to qualified charities.

Donation of used furniture to Goodwill. The furniture had a fair market value of $400 and cost $2,000.

What is the Fergusons 2016 federal income taxes payable or refund, including any self-employment tax and AMT, if applicable? (Use the 2016 AMT exemptions.) (Round your answer to 2 decimal places.)

2016 Federal Tax Rate Schedule 2 Schedule X-Single Schedule Z-Head of Household If taxable If taxable income is But not income is But not The tax is: The tax is: Over Over Over Over 0 9,275 10% of taxable income 0 13,250 10% of taxable income 9,275 37650 $92750 plus 15% of the excess 13,250 50,400 $1,325.00 plus 15% of the excess over $13,250 over $9,275 37650 91,150 $5,183.75 plus 25% of the excess 50,400 $130,150 $6.89750 plus 25% of the excess over $37650 over $50,400 $130,150 $210,800 $26,835.00 plus 28% of the excess 91,150 $190,150 $18,558.75 plus 28% of the excess over $91,150 over $130,150 $190,150 $413,350 $46,278.75 plus 33% of the excess $210,800 $413,350 $49,41700 plus 33% of the excess over $210,800 over $190,150 $413,350 $415,050 $119,934.75 plus 35% of the excess $413,350 $441,000 $116,258.50 plus 35% of the excess over $413,350 over $413,350 $415,050 $120,529.75 plus 39.6% of the excess $441,000 $125,936.00 plus 39.6% of the excess over $415,050 over $441,000 Schedule Y 1- Married Filing Jointly Schedule Y-2-Married Filing Separately of Qualifying Widow(er) If taxable income is But not If taxable The tax is: income is But not Over Over The tax is: Over Over 0 9,275 100% of taxable income 9,275 37650 $92750 plus 15% of the excess 0 18,550 10% of taxable income Over $9,275 18,550 75,300 $1,855.00 plus 15% of the excess 37650 75,950 $5,183.75 plus 25% of the excess over $18.550 over $37650 75,300 $151,900 $10,36750 plus 25% of the excess over $75,300 75,950 $115,725 $14,758.75 plus 28% of the excess $151,900 $231,450 $29,51750 plus 28% of the excess over $75,950 over $151,900 $115,725 $206,675 $25,895.75 plus 33% of the excess $231,450 $413,350 $51,791.50 plus 33% of the excess over $115,725 over $231,450 $206,675 $233,475 $55,909.25 plus 35% of the excess over $206,675 $413,350 $466,950 $111,818.50 plus 35% of the excess over $413,350 $65,289.25 plus 39.6% of the excess $233,475 over $233,475 $466,950 $130,578.50 plus 39.6% of the excess over $466,950