Kelly is single; her dependent child, Barbara, lives with her. After her divorce, Kelly was awarded permanent custody of Barbara but did not agree to waive her right to claim Barbara as a dependent. Kelly has the following items of income and expense:

Income:

Salary $ 60,000

Cash dividends $ 3,000

Interest income on City of New York bonds $ 5,000

Interest income on U.S. Treasury bills $ 4,000

Net rental income $ 3,500

Alimony received from ex-husband $ 2,500

Child support received from ex-husband $ 3,500

Life insurance proceeds received on the death of her mother $100,000

Sales of Capital Assets:

Stock held for 3 months (basis is $12,000) sold for $ 18,000

Investment land held 5 years (basis is $30,000) sold for $ 14,000

Expenses:

Interest on the $150,000 principal from her home acquisition mortgage $ 6,000

Real property taxes on the home $ 2,000

Charitable contributions $ 7,000

Qualifying child care expense $ 3,700

Federal income tax withheld $ 7,000

Compute Kellys taxable income and her net tax due or refund expected for 2015.